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China's Trade with US Shrinks in October

China's Trade with US Shrinks in October

Created: November 08, 2019 12:08 PM

BEIJING (AP) - China's trade with the United States contracted again in October despite optimism about a possible deal aimed at ending a tariff war that threatens global economic growth.

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Government data Friday showed Chinese imports of U.S. goods fell 14.3% from a year earlier while exports to the United States sank 16.2%.

The two sides announced a tentative agreement Oct. 12 that prompted President Donald Trump to suspend a planned tariff hike on Chinese goods. But penalties already imposed remained in place, depressing trade in goods from American soybeans to medical equipment.

China's global exports sank 0.9% from a year earlier while imports were off 6.4%, adding to signs of weakening domestic demand.

Copyright 2019 The Associated Press. All rights reserved.

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