China’s June Exports Fall after U.S. Tariff Hike, Imports Shrink More Than Expected
|07/12/2019||Posted by BusinessMediaguide.Com under General World News||
China’s exports fell in June as the United States ramped up trade pressure, while imports shrank more than expected, pointing to further strains on the world’s second-largest economy.
China’s manufacturers are struggling with sluggish demand at home and abroad, and a sharp U.S. tariff hike announced in May is threatening to crush already-thin profit margins, reinforcing views that Beijing needs to announce more stimulus measures soon.
Exports fell 1.3% from a year earlier, not as bad as the 2% drop analysts had expected but reversing a surprise gain in May, customs data showed on Friday.
Imports fell 7.3%, a sharper drop than the read more >>>