Source: WITN, 6/7/21

China’s exports and imports surged in May and its politically sensitive surplus with the U.S. grew as the pandemic was waning in important markets in the West. Customs data released Monday showed China’s exports rose 28% from a year earlier and imports soared 51%, but growth was leveling off after the country’s stunning recovery from the slump early in 2020. Three years into a tariff war with Washington, tensions over the trade gap persist even with business recovering from last year’s shocks as vaccinations rates rise.

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