U.S. tariffs on imports from China are not set to take effect until July 6. However, escalating trade tensions between Washington and Beijing have already started to affect the volume of goods flowing from China to the United States.
According to preliminary data released by China’s General Administration of Customs on July 3, the growth of exports to the United States was 5.4 percent year-on-year in the first six months, dropping sharply from a 19.3 percent rise a year ago.
