China imports from USA plunge in June amid tariff war

US, China negotiators resume trade war talks

Chinese imports of US goods fell 31.4% from a year earlier to $9.4 billion, while exports to the American market declined 7.8% to $39.3 billion, according to Chinese customs data.

U.S. Department of Agriculture data indicate that China actually slowed its purchases of American agriculture products following the Osaka meeting. Trump added in his tweet, "Hopefully they will start soon!"

Incidentally, it is not exactly clear what Trump and his Chinese colleague Xi Jinping had agreed at the G20 summit in Japan for a ceasefire in the trade dispute. -China tariff war continued to grow in May 2019, with the gap between the pre-trade war trend and the trailing twelve-month average of the total valuation of goods and services directly traded between the two nations widening to $8.3 billion for the month. Beijing retaliated with its own penalties and ordered importers to find non-U.S. suppliers.

In addition to opposing sharp-elbowed Chinese tech policies, the United States wants Beijing to buy more US products and to narrow America's trade deficit with China - a record $381 billion previous year.

The chairman of Huawei said Friday that his company has yet to see any benefit from Trump's promise to ease restrictions on sales of components to the Chinese tech giant, which was put on a USA national security blacklist in May.


The impact on trade has been seen ever since President Trump started hiking tariffs a year ago on goods from China in a fight over Beijing's technology ambitions. It gave no details or a date for more contacts.

That left China with a trade surplus of $50.98bn last month, compared with a $41.66bn surplus in May.

On May 10, $200 billion worth of Chinese goods began to be subjected to a new tariff rate of 25 percent-a hike from 10 percent-after Trump announced the unexpected move five days earlier on Twitter. Chinese officials do not believe they made such a commitment.

In March 2018, a Section 301 investigation, conducted by the U.S. Trade Representative's office, concluded that Beijing was engaging in state-sponsored theft and the forced transfer of U.S intellectual property.

The two countries are fighting over US allegations that China deploys predatory tactics - including stealing trade secrets and forcing foreign firms to hand over technology - in a headlong drive to challenge American technological dominance.

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