International Trade News

U.S. Trade With China Extends Decline as Tariff Talks Drag On

Dec. 5, 2019, 1:31 PM

U.S. trade with China extended its slide in October as goods imports from the nation fell to a fresh three-year low amid prolonged talks between the two largest economies on a trade deal.

Merchandise imports from China declined 4.8% from the prior month to $35.3 billion while exports tumbled 17% to $7.49 billion, the least in almost a year, Commerce Department data showed Thursday. The gap narrowed to a seasonally adjusted $27.8 billion, a seven-month low.

The overall U.S. deficit in goods and services trade narrowed to $47.2 billion in October, less than the median estimate of $48.5 billion median...

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