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

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

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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.