Chinese imports of American goods also dropped sharply, suggesting the trade war is hurting both countries.
China's exports to America tanked 16% in August as Donald Trump's tariffs sapped demand for Chinese goods in their biggest foreign market. Chinese imports of US goods dropped by about 22%, suggesting American exporters are also suffering from the trade war. The declines will pile more pressure on Chinese authorities to stimulate the economy, days after they announced banks' reserve requirements would be cut to their lowest level since 2007.
China's exports to America tanked 16% in August as Donald Trump's tariffs sapped demand for Chinese goods in their biggest foreign market. Chinese imports of US goods dropped by about 22%, suggesting American exporters are also suffering from the trade war. The declines will pile more pressure on Chinese authorities to stimulate the economy, days after they announced banks' reserve requirements would be cut to their lowest level since 2007.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
China's August exports unexpectedly shrink as U.S. shipments slumpChina's exports unexpectedly fell in August as shipments to the United Stat...
Consulte Mais informação »
The Latest: China's August imports from US fall 22.5%BEIJING (AP) — The Latest on China's trade data (all times local): 1:05 p.m. China has reported that August imports from US fall 22.5% amid a tariff war with Washington, while exports...
Consulte Mais informação »
U.S. creates just 130,000 new jobs in August, keeping Fed on track to cut ratesThe economy added just 130,000 new jobs in August, marking the smallest increase in three months and offering more evidence that hiring has slowed amid a...
Consulte Mais informação »
China’s trade with U.S. shrinks as Trump tariff war worsensChina's trade with the United States is falling sharply as the two sides prepare for more negotiations with no sign of progress toward ending a worsening tariff war that threatens global economic growth.
Consulte Mais informação »
US farmers hope Trump delivers on trade deal with JapanAmerican farmers have not only endured retaliatory tariffs from China and other nations, they&39;ve watched as most of their top foreign competitors used free trade agreements to make inroads into Japan, a historically protectionist market with nearly 127 million consumers. Now they&39;re wondering
Consulte Mais informação »