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China’s exports to US plunge 34.5% by value in May ..

China’s exports to the United States tumbled in May amid tit-for-tat import tariffs between the world’s two biggest economies

Chinese customs authorities say US-bound shipments slumped 34.5 percent in dollar terms from the same month last year.

Imports from the US sank 18.1 percent.

Beijing and Washington imposed tariffs of more than 100 percent in April.

However, some of the heat came out of the trade dispute in May as both sides agreed to cut back the levies and sit down for talks.
The next round of negotiations is set for London on Monday. China is sending Vice Premier He Lifeng, who heads up economic policy. Treasury Secretary Scott Bessent will be there for the US.

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