The trade war is kind of working

U.S. manufacturers and small businesses have been hit hard by the trade war, but recent data shows that China is really suffering.

Driving the news: China's total exports fell for the 12th straight month in November, dropping 1.1% from a year ago, and exports to the U.S. have fallen more than 20%, according to China’s customs administration.

Economists had expected shipments to rise 1%, as retailers and companies stock up for Christmas, per Reuters.
What's happening: The U.S. trade deficit declined 7.6% in October to $47.2 billion, the smallest...