US goods exports to China contracted by 11.4 percent due largely to tariffs and business uncertainties in 2019. The COVID-19 pandemic is likely to bring a more serious picture for this year, a leading trade association said in the USA said.
The “2020 State Export Report”, released by the US-China Business Council (USCBC), also indicates a 10 percent drop in US jobs supported by exports to China between 2017 and 2018.
This trend is likely to get worse as the novel coronavirus shows no sign of abating in many parts of the world.
