U.S. Trade Deficit Shrinks 55% in April as Imports Plunge
April saw the U.S. trade deficit narrow 55.5% to $61.6B as imports plunged 16.3%, hinting at a boost to GDP amid easing tariff front-loading.
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Chinese mainland Slashes U.S. Tariffs to 10% Starting May 14
On May 14, the Chinese mainland cuts U.S. tariffs from 34% to 10% and pauses a 24% levy for 90 days, marking a shift in trade policy.
Colombian Firms Boost Imports from China, Rivaling the USA
Colombian businesses are increasingly importing from the Chinese mainland, challenging the US as their top trading partner. Entrepreneurs are expanding into China with support from experienced leaders.
Colombian Businesses Shift Focus to Chinese Imports, Challenging U.S. Dominance
Colombian imports from China are on the rise, challenging the longstanding dominance of the United States as the country’s top trading partner. Entrepreneurs are leading the charge in building bridges across the Pacific.
Chinese Mainland’s Foreign Trade Soars 6.1% in H1 2024, Sets Record High
The Chinese mainland’s foreign trade surged by 6.1% in H1 2024, reaching a record high of ¥21.17 trillion ($2.9 trillion). Exports grew by 6.9%, and imports by 5.2%.