China trade balance for June, in yuan terms: CNY 261.9 bn
Exports y/y: +3.1% y/y … miss
Imports y/y: +6.0% y/y … even bigger miss
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China trade balance for June: USD41.6bn
I said yesterday that regardless of this data Trump will not back down on the trade war. Lots of folks have, and continue to, underestimate Trump. But, he is