april-june quarter: Imports of American goods tumbled 22% in August from a year earlier to 10.3 billion, customs data showed Sunday, according to Market Watch. Exports to the United States, China's biggest market, sank 16% to 44.4 billion. On Sunday, a new report showed China's trade with the U.S dropped sharply in August, as new tariffs by both sides were announced. More tariffs went into effect on Sept. 1, and the next round of tariffs on Chinese goods is scheduled to take effect Oct. 15. On Monday, the Japanese government released revised economic growth data for the April-June quarter. Last week, the U.S. and China said they have agreed to renew trade negotiations in early October.
(news.financializer.com). As
reported in the news.
Tagged under april-june quarter, effect oct topics.