Peterson Institute for International Economics

An aerial view of a container terminal at the Port of Tianjin in Tianjin, China.

Photo Credit: Oriental Image via Reuters Connect/Li Xiaofei

China no longer buys US exports: Drawing the right lessons for the next Trump-Xi deal

Chad P. Bown (PIIE)

US exports to China have fallen sharply in recent years, largely due to President Donald Trump’s trade wars combined with China’s economic problems and policies. But he could score important gains by working with other countries that face many of the same trade challenges.

Shipping containers stand stacked at a port in Newark, New Jersey.

REUTERS/Mike Sega

Photo Credit: REUTERS/Mike Sega

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Workers stand on a platform at Peru’s Port of Chancay, built by China's state-owned Cosco Shipping to be a hub for shipping lithium and other critical minerals from South America to China. Picture taken on October 24, 2024.

REUTERS/Angela Ponce

Photo Credit: REUTERS/Angela Ponce

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REUTERS/Kevin Mohatt/File Photo

Photo Credit: REUTERS/Kevin Mohatt/File Photo

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A general view of a port with shipping containers following President Donald Trump's announcement imposing tariffs on imported goods from dozens of countries. Picture taken on July 8, 2025.

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