The trade was has seen large decreases in U.S. exports of cars, soybeans and oil as well as large drops in imports of cell phones, computers and furniture.
ByKen Roberts,
Contributor.
As President Trump and President Xi Jinping meet in Beijing today, if you are looking for hints that the trade-war friction between the world’s two largest economies might be personal, look no further than U.S. exports of soybeans. Or oil. Or passenger vehicles.
Sure, U.S. soybean exports have increased by $983.90 million from the first quarter of 2018 to this year, according to my analysis of the latest U.S. Census Bureau data.
But it’s not that simple.
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