China’s Unexpected Export Drop Shows Why It Wants a Trade Deal
Exports dropped 1.1% in November; declined 23% to the U.S.
Imports from the U.S. gained for first time since Aug. 2018
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The unexpected drop in China’s exports in November shows one reason why the nation wants to agree on a phase one trade deal - U.S. tariffs are hurting China’s exports at a time when global demand is already weak.