General World News

China’s Trade with US Shrinks in October Despite Optimism

U.S.-Chinese trade contracted again in October, despite optimism about possible progress in talks aimed at ending a tariff war that threatens global economic growth.

Chinese imports of U.S. goods fell 14.3% from a year earlier to $9.4 billion, customs data showed Friday. Exports to the United States sank 16.2% to $35.8 billion.

President Donald Trump announced a tentative deal Oct. 12 and suspended a planned tariff hike on Chinese imports. But details have yet to be agreed on and earlier penalties stayed in place. That is depressing trade in goods from soybeans to medical equipment.

Beijing announced Thursday the two sides agreed to read more >>>

Source:: VOANews.Com