Chinese Smartphone Exports To US Crashed In April
Summary by Zero Hedge
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Chinese Exports to U.S. Plunge Along With Smartphone Shipments
First Impact of U.S. Tariffs Chinese shipments to the U.S. plummeted 21% year-on-year in April as the impact of Washington’s new import tariffs started to punish the world’s largest exporter. However, as Beijing was quick to point out, China compensated by selling more to its economic partners in Southeast Asia. In a striking coincidence, Chinese exports to the ASEAN bloc of countries increased by the same number: +21%. The decline in shipments …
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