Since U.S. President Donald Trump imposed steep tariffs on China last month, Beijing has responded in kind. On state and social media, it posted images of Mao Zedong, lambasted "imperialists," and sent a message: capitulation to bullies is dangerous,

The drop in U.S.-bound shipments was offset by a surge in Chinese goods to Southeast Asia, Africa, Europe and Latin America.

Key Takeaways President Donald Trump said that this weekend’s meetings between U.S. and Chinese officials on trade and economic issues could be “very substantive."This weekend’s meeting is the first between the two countries since Trump imposed a 145% tariff on Chinese goods,