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Mexico now US biggest trading partner


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https://www.barrons.com/articles/mexico-not-china-is-u-s-largest-trading-partner-51564769779

China is no longer America’s largest trading partner, thanks to the escalating tariffs between the world’s two largest economies and continued uncertainty about trade policy. Mexico has claimed the crown.

Trade in goods between the U.S. and China fell sharply in the first half of the year, with U.S. imports from China decreasing 12% from a year earlier, according to data released by the Commerce Department on Friday. Exports to China were down by 18%.

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...and China trade is going get worse as the Pres this morning announced he is, against his advisors recommendation, going ahead with the new 10% Tariff. Chinese yuan down to lowest against the US Dollar in decades. US markets in free-fall today. We'll see...

 

 

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