Dazi, trade between the US and China collapses

Sun, 8 Sep 2019 08:09:33 +0200

BEIJING, 8 SEPTEMBER - China's trade with the US drops sharply while no signs are seen for the end of the war of duties. Imports of US goods decreased by 22% in August compared to the previous year, to $ 10.3 billion, after increases in Chinese duties and injunctions to companies to cancel orders. Exports to the US, the largest Chinese market, sank 16% to 44.4 billion dollars, due to the punitive duties imposed by President Donald Trump.