BizBeat Ep. 57: China reclaims title as largest trading partner of the U.S.

CGTN published this video item, entitled “BizBeat Ep. 57: China reclaims title as largest trading partner of the U.S.” – below is their description.

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https://news.cgtn.com/news/2021-03-02/BizBeat-Ep-57-China-reclaims-title-as-U-S-largest-trading-partner-Yji20ZEvE4/index.html

Those who are calling for a decoupling between China and the United States will be sorely disappointed by how bilateral trade shaped up in 2020. China reclaimed the top spot as the top trading partner of the United States last year. American imports from China dipped 4 percent in 2020, but exports to China jumped 17% percent to its second highest level on record and reversing a downtrend seen since 2017. So, will the United States return to the embrace of free trade or has a new era of American protectionism enveloped the world? CGTN anchor Michael Wang with this analysis. #BizBeat

CGTN YouTube Channel

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