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1. Trump’s ‘gold card’ visa flops among rich Chinese amid trade war, crime fears
Three months after he first floated the idea, Trump’s gold card scheme appears to have fallen flat with China’s wealthy, who were expected to be one of the biggest sources of demand for the controversial new visa.
2. Top exporter Shenzhen underperforms again, takes US tariff blow on chin in April
China’s top exporting city saw its levels fall in April despite stronger-than-expected national growth, suggesting traders are not yet out of the woods amid tumultuous tariff tensions with the US.
3. US farmers feel pain as soybean exports to China flatline despite tariff truce
China’s imports of American soybeans and pork plunged to zero in early May and have yet to recover despite the US-China tariff truce, suggesting the trade war may have done lasting damage to a key US export trade.