Chinese imports of American goods plunged in
July as a tariff war with Washington intensified.
Imports of U.S. goods fell 19% from a year earlier
to $10.9 billion, customs data showed Thursday,
though that was an improvement over June’s
31.4% fall. Exports to the United States declined
6.5% to $38.8 billion.
Beijing has retaliated for U.S. tariff hikes in a
dispute over trade and technology by imposing
its own punitive duties and suspending purchases
of American soybeans and other goods.
The latest data follow President Donald Trump’s
threat last week to extend punitive duties to an
additional $300 billion of Chinese imports.
China’s total exports rose 3.3% over a year
earlier to $221.5 billion, rebounding from
June’s 1.3% contraction amid weakening
global consumer demand. Imports shrank 5.6%
to $176.4 billion, an improvement over the
previous month’s 7.3% decline.
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