China Back On Top As U.S. Trade With Canada, Mexico Plummets 40%



Ken Roberts | Forbes

China is back on top.

U.S. trade with the world tumbled more than 24% in April, when compared to the previous April, according to the latest U.S. Census Bureau data, which was released today.

That’s more than triple the 7.65% loss just one month ago, as the impact of the coronavirus pandemic began to appear.

Particularly hard hit in April was U.S. trade with Mexico and Canada.

The one “bright” spot, ironically, was China, which is locked in not only a trade war with the United States but an ongoing spat between the two countries’ leaders, Presidents Trump and Xi Jinping, over a wide range of topics and issues.

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