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China’s imports from US fall by 19 pc in July amid trade war
 

As the tariff war between China and Washington intensifies, Chinese imports of American goods have plunged in July 2019, by 19 per cent from a year earlier to $ 10.9 billion, Customs data showed, though that was an improvement over June’s 31.4 per cent fall. Exports to the United States declined by 6.5 per cent to $ 38.8 billion. Beijing has retaliated against US tariff hikes in a dispute over trade and technology by imposing its own punitive duties and suspending purchases of American soybeans and other goods, says a report.


This opens up an excellent opportunity for India to further tap the Chinese and American markets, analysts have said.

 

Source : Exim News Service  - Beijing, Aug. 12

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Currency Import Export
U.S.Dollar 75.60 74.68
U.K.Pound 95.48 93.61
Euro 84.88 83.45

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