A: Hey buddy! Got any updates on the international news?
B: Not really, what's happening now?

A: Well, looks like trade between China and the U.S. is having some turbulence! Their exports to each other dropped a lot in May.
B: Whoa, that sounds serious! Why's that?

A: It seems they've been slapping big tariffs on each other's goods since April. But lucky for them, they agreed to lower the tariffs and talk things out.
B: That's good, right? They're going to talk about it in London soon, right?

A: Yeah! China is sending Vice Premier He Lifeng, who handles economic policy. And the U.S. will have their Treasury Secretary Scott Bessent there too. Let's hope they can find a solution and get things back on track!
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China's exports to the United States tumbled in May amid tit-for-tat import tariffs between the world's two biggest economies.



Chinese customs authorities say US-bound shipments slumped 34.5 percent in dollar terms from the same month last year.



Imports from the US sank 18.1 percent.



Beijing and Washington imposed tariffs of more than 100 percent in April.



However, some of the heat came out of the trade dispute in May as both sides agreed to cut back the levies and sit down for talks.
The next round of negotiations is set for London on Monday. China is sending Vice Premier He Lifeng, who heads up economic policy. Treasury Secretary Scott Bessent will be there for the US.