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Economy

US overtook China as top trading nation in 2016

Trade contributes less to global economic growth

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China has lost its lead in global trade.   © Reuters

FLORENCE, Italy/BEIJING -- The U.S. has eclipsed China as the world's leading trader of goods for the first time since 2012, though both countries' imports and exports declined amid sluggish global economic growth.

U.S. trade in goods totaled $3.7 trillion in 2016, topping China's $3.68 trillion, the World Trade Organization said Wednesday. American imports and exports declined 2.8% and 3.2%, respectively, while China's fell 5.5% and 7.7%.

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