5 days ago
China's exports to US fall in July on Trump tariffs
China's exports to the United States fell sharply in July from a year earlier amid the Trump tariffs.
Chinese customs authorities say the value of US-bound shipments dropped 21.6 percent in dollar terms.
The value of imports from the US was also down, falling 18.8 percent year on year.
The rate of decline widened for both figures.
The two countries significantly slashed their additional tariffs on each other in mid-May. But remaining levies are believed to have impacted July's figures.
Concerns persist that the US-China trade war could be rekindled, depending on how the negotiations play out.
As for China's overall exports, they increased 7.2 percent in July from a year earlier, led by brisk shipments to Southeast Asia and Europe. Imports rose 4.1 percent.
