Anon Archived Chinese exports accelerate even as Trump escalates trade war (reuters.com)
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Anon Archived Chinese exports accelerate even as Trump escalates trade war (reuters.com)
submitted ago by 2664751?
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https://archive.fo/Ck5Uj :
'Washington has long criticized China’s trade surplus with the United States and has demanded Beijing cut it. '
'China’s trade with the U.S. also continued to rise in July despite the tariffs, with exports up 11.2 percent year-on-year, and imports increasing 11.1 percent. '
'Of more direct consequence in the Sino-U.S. trade war, China’s surplus with the United States shrank only marginally to $28.09 billion last month from a record $28.97 billion in June. '
'Wednesday’s Chinese data provide the first readings of the overall trade picture for the world’s second-largest economy since U.S duties on $34 billion of Chinese imports came into effect on July 6. '
'China has repeatedly warned it will strike back against any further punitive measures by Trump, saying the United States is threatening the global free trade order with its protectionism. '
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