Global  

US Exports To China Dropped 22% In August

Video Credit: Wochit Business - Duration: 00:34s - Published
US Exports To China Dropped 22% In August

US Exports To China Dropped 22% In August

According to Business Insider, China's exports to America plunged 16% to $44.4 billion in August.

It was a sharp acceleration from their 6.5% drop in July.

President Donald Trump's trade war and its associated 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.


You Might Like

Related news from verified sources

China's August exports unexpectedly shrink as U.S. shipments slump

China's exports unexpectedly fell in August as shipments to the United States slowed sharply,...
Reuters India - Published Also reported by •NewsmaxRTTNews


Japan's exports drop for 9th straight month as global demand falters

Japan's exports slipped for a ninth straight month in August as the Sino-U.S. tariff dispute hit...
Reuters India - Published

China’s August export sink 3% amid US trade war; imports up

BEIJING (AP) β€” China says its exports sank 3% in August amid a tariff war with Washington, while...
Seattle Times - Published Also reported by •Energy DailyDeutsche WelleBBC News



Tweets about this


Related videos from verified sources

What It Will Take to See a Trade Deal [Video]

What It Will Take to See a Trade Deal

Yes, the data has increasingly pointed toward a weaker Chinese economy. In August, China posted the steepest decline in factory gate inflation - the actual cost of manufacturing goods - in three years,..

Credit: The Street     Duration: 01:15Published
Let's Go Apple Picking: Jim Cramer on 'By Innovation Only,' China, Millennials [Video]

Let's Go Apple Picking: Jim Cramer on 'By Innovation Only,' China, Millennials

Another day, another Apple event. Here's what TheStreet founder and Action Alerts PLUS portfolio manager Jim Cramer and AAP research analyst Zev Fima are watching on Wall Street. China by the Numbers..

Credit: The Street     Duration: 11:08Published
China By the Numbers: What Jim Cramer Is Watching [Video]

China By the Numbers: What Jim Cramer Is Watching

Another day, another China headline. China caught the attention of investors once again after new data showed that exports out of China fell in August, particularly exports to the United States. In a..

Credit: The Street     Duration: 01:50Published