Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Economist Mohamed El-Erian warned of "significant challenges" for Xi Jinping's growth model after fresh data showed a sharp drop in US-China trade. The analysis follows a CNBC report that Chinese exports to the U.S. plunged 33% in August year-over-year, a development El-Erian said shows U.S. tariffs have begun to “bite.” China's Shipments To US Plunge 33% In August The sharp decline in U.S.-bound shipment ...