The US-China trade war has lasted more than a year, only to see both sides take casualties. According to data released by China’s General Administration of Customs last week, during the first half of 2019, China’s exports to the US fell by 8.1 percent year-on-year to $199.4 billion, while imports plunged 29.9 percent to $58.92 billion, resulting in a trade surplus of $140.48 billion. In other words, while the first half saw Chinese exports to the US decline, though not by too much, US exports to China collapsed quite sharply. In particular, US exports of agricultural products to China slumped over the same period.
By Yi Xianrong