Trade war
US imports from Vietnam, India have offset the biggest declines in Chinese goods
A Chinese electronics factory. China’s exports to the U.S. fell in 2025, but its overall trade surplus with the world grew. © Reuters
RYOHEI YASOSHIMA, KENTARO SHIOZAKI and IORI KAWATE
BEIJING/WASHINGTON — As U.S. President Donald Trump and Chinese President Xi Jinping prepare to meet one year after they paused a tariff war, trade will be high on the agenda for the leaders of the world’s two biggest economies.