Although after negotiations in London, Donald Trump said the problem was resolved, the data of Chinese customs indicated the opposite.
In May, exporting rare products from China, in particular magnets, were significantly reduced. Delivens to the United States against the background of trading intensity between the two countries are increasingly reduced. Bloomberg reported this Friday, June 20.
China introduced export restrictions in early April in response to Washington’s customary tariffs. Although after negotiations in London, Donald Trump said the problem was resolved, the data of Chinese customs indicated the opposite.
In May, China puts rare land goods worth $ 60 million – the lowest level since 2015 (not counting on February 2020).
In general, exports have collapsed twice as much as April and 61% in an annual size.
Exports to the United States – only 46 tons, less than a tenth of March, have fallen particularly.
Meanwhile, Germany and Vietnam became the main area of Chinese exports in May, receiving 17% and 19%, respectively.
Earlier it was learned that China had restored the export of rare magnets of the western land.
Prior to this, Chinese exports to the United States fell 34.5% compared to last year, which was the most sharp fall since February 2020, when trade-19 trade violated.
China’s duties focus on duties for the hardest countries
Source: korrespondent
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