The combined value of goods exchanged between the U.S. and China was $40.8 billion in March 2025. That is the lowest figure recorded by the U.S.

Bankers and CEOs hit the brakes on mergers and acquisitions after U.S. President Donald Trump launched a global trade war on April 2, with fewer deals getting signed than during the bleakest days of the COVID-19 pandemic and the 2008-2009 global financial crisis.