More Trump trade war fallout: China’s exports to U.S. sink 21%
China’s exports to the United States tumbled in April while its trade with other economies surged, suggesting that President Donald Trump’s tariffs offensive is hastening a shakeup in global supply chains.
Total exports from China rose 8.1% last month from a year earlier, much faster than the 2% pace most economists had been expecting. That was much slower than the 12.4% year-on-year increase in March. Imports fell 0.2% in April from the year before.
Shipments to the U.S. sank 21%...