Chinese exports drop in December, while trade surplus with US widens
Chinese exports unexpectedly fell 4.4% in December, the biggest monthly drop in two years, with imports also contracting. The new data is the latest indication that the world's second-largest economy is losing momentum, and comes after tech and auto giants issued profit warnings due to softening demand in China. Meanwhile, Beijing's trade surplus with the United States widened, despite Donald Trump's punitive tariffs. Plus, the Detroit Motor Show opens its doors amid global uncertainty.