The turnover of China and the United States collapsed by 20% in April due to trade wars and amounted to $45.6 billion.
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- The turnover of China and the United States collapsed by 20% in April due to trade wars and amounted to $45.6 billion.
The mutual trade turnover between China and the United States in April sank by almost 20% to $45.6 billion. This follows from the data of the Chinese customs, which was studied by Izvestia. For comparison, a year earlier, this figure was about $56.4 billion.
"The decrease in trade turnover between the United States and China by $10.8 billion in April is quite an alarming signal. A temporary easing of duties can have only a limited effect — in three months, importers will not have time to quickly rebuild logistics and contracts," says Pavel Sevostyanov, associate professor at the Department of Political Analysis and Socio—Psychological Processes at Plekhanov Russian University of Economics.
A 20% reduction in mutual trade is still a mild reaction to the measures, says Olga Belenkaya, head of the Macroeconomic Analysis Department at Finam. However, if the situation worsens, bilateral trade risks sinking further.
The trade confrontation will have an ambiguous effect on the Russian Federation. A reduction in bilateral trade may weaken industrial demand in China, which is the largest consumer of raw materials, said Nikolai Dudchenko, an analyst at Finam. The decrease in trade turnover with the United States in April by $10 billion is a signal of a possible cooling of the Chinese economy. This may reduce the demand for oil, putting pressure on world prices.
On the other hand, China will need to diversify the supply of its products abroad — and here Russia gets a wide window of opportunity, Sevostyanov recalled. Exports are already growing through Kazakhstan and the ports of the Far East, for example, shipments increased by 8% in the first quarter of 2025.
Read more in the exclusive Izvestia article:
Переведено сервисом «Яндекс Переводчик»
