March exports plunged by a record 9.6% to $US187.7 billion, down $US20 billion from February, according to a Tuesday report from the Commerce Department. March imports fell 6.2%, the most in 11 years, to $US232.2 billion, shedding $US15.4 billion from the previous month. The goods and services deficit grew 11.6% […]
China’s renminbi slipped to its lowest level in a decade on Thursday, after earlier this month allowing its currency to weaken to more than 7:1 to the dollar. The weaker currency will help China in the trade war, as it helps to stop capital flight out of the country, but […]
Chinese pork imports from the US dropped more than 50% in 2018 as a result of the tariffs put in place during the Trump trade war. According to a report from Reuters, the US sent 263,000 tons of pork to China last year, down from more than 500,000 tons in […]
