A recent New York Times article
stated that China and U.S. leaders have reached “some important breakthroughs” on matters regarding trade between the two countries. After heightened protectionism in recent months, the news comes at a crucial time. Both sides agreed to decrease barriers to trade and open up the potential of more foreign investment.
shows a dip in U.S. imports from China in February, reaching the lowest level of imports seen in almost a year. Conversely, U.S. exports to China have shown an increase year-over-year. Below is a graph showing U.S. imports from China as well as U.S. exports to China. The recent talks will likely boost trade relations with China, but how will this affect the future trade balance with China?