World trade wobbles
U.S. trade continues slide
U.S. exports decreased 2.4 percent to $123.6 billion since February, while imports decreased 1 percent to $151.2 billion, according to monthly Commerce Department trade statistics released Tuesday.
Overall, the trade deficit grew 5.5 percent during the same period.
China sees drastic trade value falloff
China’s bilateral trade with its three biggest trading partners — the United States, the European Union and Japan — fell in the first quarter of 2009, according to a report by the Xinhua news agency.
Citing a report this week from the General Administration of Customs, the report said China-U.S. trade dropped 15.7 percent to $62.1 billion in the first quarter.
World trade wobbles
