Chinese smartphone exports to US decline to lowest level since 2011
By
Binu Mathew
Chinese shipments of Apple Inc.’s iPhone and other mobile devices to the US dived to their lowest levels since 2011 in April, underscoring how the threat of US tariffs choked off the flow of big-ticket goods between the world’s two largest economies.
Smartphone exports slid 72 per cent to just under $700 million last month, sharply outpacing an overall 21 per cent drop in Chinese shipments to the US, detailed customs data showed on Tuesday.