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China Now Becomes European Union’s Top Trade Partner

The Republic of China has now been adjudged the European Union top trade partner ahead of the United States.

The third-quarter report which displayed this result, also pointed out that this slide curve from the US was due to the effects of COVID-19 pandemic on the economy.

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Though China had the same experience, it, however, rebounded economically.

Over the first nine months of 2020, trade between the EU and China totalled 425.5 billion euros ($514 billion), while trade between the EU and the United States came in at 412.5 billion euros, according to Eurostat data.

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