Chinese exports to US, imports of US good sink amid worsening trade war

Trade between the U.S. and China is reportedly decreasing as the countries continue their escalating trade war. 

U.S. goods imported into China fell to $10.3 billion in August, down 22 percent rom a year earlier, and Chinese exports to the U.S. fell 16 percent to $44.4 billion, The Associated Press reported Sunday, citing customs data.

China’s global exports reportedly fell 3 percent in August from a year earlier, to $214.8 billion, and its imports increased 1.7 percent to $180 billion. Its global trade surplus increased to $34.8 billion. {mosads}

The U.S. and China have been placing increasing tariffs on each other. On September 1, The U.S. placed 15 percent tariffs on $112 billion in Chinese imports and has planned tariffs for another $160 billion in December. China responded with 10 percent and 5 percent tariffs on a series of U.S. products. 

On Oct. 1, a 25 percent tariff imposed on $250 billion in Chinese goods is slated to rise to 30 percent.

The two sides are expected to meet for negotiations in October, although a date has not been announced. Past negotiations collapsed in May.