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Trade war

US overtaken by Southeast Asia as China's No. 2 trade partner

American exports plunge 30% as Beijing finds other suppliers

A factory worker makes tires in China's Hebei Province. Chinese exports to the U.S. have fallen much further than the reverse amid their trade war.   © Reuters

BEIJING -- The U.S. is losing importance as a trading partner of China as their tariff war drags on, dropping a notch to third place in the first half of 2019 to trail the European Union and Southeast Asia.

Sino-American trade in goods declined 14% on the year to $258.3 billion, according to statistics out Friday from Chinese customs authorities. In exports, the U.S. sustained a much harder blow.

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