News Details

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


click here!!

Search News

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

As On 03rd June, 2020

more forex rates...

Currency Import Export
U.S.Dollar 76.60 74.90
Sterling Pound 94.05 90.80
Euro 84.55 81.50

w.e.f.22nd May, 2020

more custom rates...