China’s trade with US shrinks again in September
(Worthy News) – China’s trade with the United States fell by double digits again in September amid a tariff war that threatens to tip the global economy into recession.
Exports to the United States, China’s biggest foreign market, fell 17.8% to $36.5 billion, a deterioration from August’s 16% decline, customs data showed Monday. Imports of American goods sank 20.6% from the year before to $10.6 billion, a slight improvement over August’s 22% decline.
President Donald Trump agreed Friday to put off an additional tariff hike planned for this week on Chinese imports. In exchange, he said Beijing agreed to buy up to $50 billion of American farm goods. But they reported no agreements on disputes over China’s trade surplus and technology policies that brought on the 15-month-old fight. [ Source: Washington Times (Read More…) ]
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