China's exports unexpectedly fell in October following months of front-loading to beat President Donald Trump's tariffs, ...
Shipments to the US plunged by just over 25 per cent in October. Read more at straitstimes.com. Read more at straitstimes.com.
The share of exports to the US has dropped to some 9.5% this year, from 10.5% last year.
Exports of cars, solar panels and batteries remain strong, but prices are falling because of factory overcapacity in China.
Exports were helped by a bump in trade with the U.S. after the EU agreed to a deal, however, goods sent across the Atlantic were still down 14% compared with the same point of last year.
However, Chinese exporters and American buyers breathed a sigh of relief last week after Trump met with Chinese President Xi ...
At their meeting in South Korea in late October, Trump and Chinese President Xi Jinping agreed to lower tariffs.
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