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China’s August Exports Unexpectedly Shrink as U.S. Tariffs Bite

  • Nation’s sales to U.S. decline by 16% from year earlier
  • Exports decreased 1% in dollar terms, imports fell 5.6%
Bloomberg business news
Eva Yi, senior economist at CICC, talks about China’s economy, policies, and the trade war with the U.S.(Source: Bloomberg)
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China’s exports unexpectedly contracted in August, with sales to the U.S. tumbling amid the escalating trade war between the two nations.