China announced a sharp reduction in trade with the United States

В Китае заявили о резком снижении торговли с США

The trade imbalance two countries continues to grow. In the first eight months of this year it amounted to $195,45 billion.

The turnover of the US and China in the first eight months of 2019 were $355,6 billion, which is 13.9% lower than the same period of 2018. On Sunday, 8 September, reports Prime, citing data from the General administration of customs of PRC.

It is indicated that Chinese exports to the United States for the period decreased by 8.9% to 275,53 billion, while the USA imported to China products only $80,07 billion, which is 27.5% less than in January-August last year.

In August, exports from China to the United States amounted to $37,30 billion, and imports from the United States – $10,35 billion.

The trade imbalance two countries on the background of protracted trade war continues to grow in the first eight months of this year it amounted to $195,45 billion.

Trade between the US and China in 2018 rose by 28.5% to $633,5 billion While Chinese exports to the U.S. rose by 11.3% to $478,4 billion, while imports from the US to China – 0.7%, to $155,09 billion Thus, the trade imbalance in 2018 rose to $323,3 billion from $275,8 billion in 2017.

We will remind, the President of the United States Donald trump said that from the beginning of autumn duties on Chinese goods worth $300 billion increase from 10% to 15%, and from October 1, tariffs on goods with a total value of $250 billion will increase from 25 to 30%.

All this he explained China’s decision to impose import duties on American goods amounting to $75 billion.

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