China Covid Lockdown Reduce US Trade Deficit…

Imports dropped in April as factory activity in China fell to the lowest level since February 2020 amid strict lockdowns to curb the spread of Covid-19.

The deficit with China decreased in April by $8.5 billion, the most in seven years.

The gap in goods and services trade narrowed $20.6 billion, or 19.1%, to $87.1 billion, Commerce Department data showed Tuesday.


Nice find, have a rec.

The other half of that story western companies are moving their production out of China longer term. This may easily become a trend.