Market News
China's imports tumble as demand skids, trade war heats up - REUTERS
Summary
- China's imports unexpectedly shrank over Jan-Feb
- Export growth misses forecast
- U.S. trade war steps up
- China's trade surplus at $170.52 billion
BEIJING, March 7 (Reuters) - China's imports unexpectedly shrank over the January-February period, while exports lost momentum, as escalating tariff pressures from the United States cast a shadow over the recovery in the world's second-largest economy.
The first two months of the year saw the opening salvo of a renewed U.S.-China trade war, with U.S. President Donald Trump imposing an extra 10% levy on Chinese goods, arguing Beijing had not done enough to stem the flow of the deadly opioid fentanyl.
