Select Page

U.S. and Chinese negotiators are preparing for talks in October, but neither side has given any sign of offering concessions that might break a deadlock.

hina’s trade with the United States is falling sharply as the two sides prepare for more negotiations with no sign of progress toward ending a worsening tariff war that threatens global economic growth.

Imports of U.S. goods fell 22 percent in August from a year earlier to $10.3 billion following Chinese tariff hikes and orders to companies to cancel orders, customs data showed Sunday.

Exports to the United States, China’s biggest market, sank 16 percent to $44.4 billion under pressure from punitive tariffs imposed by President Donald Trump in a fight over Beijing’s trade surplus and technology ambitions.

Beijing is balking at U.S. pressure to roll back plans for government-led creation of global competitors in robotics and other industries.

The United States, Europe, Japan and other trading partners say those plans violate China’s market-opening commitments and are based on stealing or pressuring companies to hand over technology.

U.S. and Chinese tariff hikes on billions of dollars of each other’s imports have disrupted trade in goods from soybeans to medical equipment and battered traders on both sides.

Chinese exporters also face pressure from weakening global consumer demand at a time when Beijing is telling them to find other markets to replace the U.S. Read more

Read also:White House announces Jared Kushner’s former ‘coffee boy’ as new Middle East envoy

U.S. and Chinese negotiators are preparing for talks in October, but neither side has given any sign of offering concessions that might break a deadlock.

U.S. and Chinese negotiators are preparing for talks in October, but neither side has given any sign of offering concessions that might break a deadlock.

U.S. and Chinese negotiators are preparing for talks in October, but neither side has given any sign of offering concessions that might break a deadlock.