China’s trade with US sinks in November amid tariff war
Posted Dec 8, 2019 02:43:54 AM.
This article is more than 5 years old.
BEIJING — China’s trade with the United States sank again in November as negotiators worked on the first stage of a possible deal to end a tariff war.
Customs data on Sunday showed exports to the United States fell 23% from a year earlier while imports of American goods were off 2.8%.
Exports to some other countries including France rose, helping to offset the loss.
Total Chinese exports were off 2.5% from a year earlier despite weakening global demand while imports were up 0.2%.
President Donald Trump agreed to postpone a planned tariff increase in early October following trade talks but penalties already imposed on billions of dollars of goods stayed in place.
The Associated Press
