17 November 2018

US imports of Chinese products fall

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Research from UBS shows President Trump's tariffs on Chinese goods are having a material effect on US-China trade. reports citing Business Insider.

US imports of those products fell by 32% in August and September. However, the figure is overstated because imports of those items jumped in July.

"The fall relative to the May levels is a more modest but still large 20%," UBS said.

The analysts noted that imports of the goods from China "accelerated sharply" in the three months prior to implementation. The three-month increase was driven by US imports of tech devices — largely circuit boards and disk drives.

2018.11.08 / 17:47
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