- US June deficit narrowed 16% to 60 billion. deficit with China dropped 30% to 9.5 billion, lowest deficit in 21 years, since February 2004. Now US expects 50 billion per month in tariffs revenue.
- China's trade surplus in June rose to 683 billion, exports to the United States sank nearly 22% year-on-year, exports to Africa and Southeast Asia surged at double-digit rates as Chinese businesses diverted sales to other markets. Chinese industrial profits however, plunged 10% in may 2025.
kaibee•3h ago
mshockwave•1h ago