Germany's economic motor starts to sputter - Chinese imports fall as US trade war intensifies
China's exports to the US were down year-on-year in August. The dive follows July's surprise growth and comes amid a high-pressure campaign by Washington to coerce Beijing into signing a new trade deal.
President Trump said the US would delay a tariff hike for two weeks, after China announced it would lift some trade restrictions. The mutual concessions may ease tensions ahead of high-level talks early next month.
The introduction of an additional 15% tariff on thousands of goods has ratcheted up the Trump-Xi trade war. Although fresh trade talks will resume later this month, Washington and Beijing continue the tough rhetoric.
Donald Trump says his administration will enter into an initial bilateral trade deal with Japan in the coming weeks. But the fate of cars and a currency clause remain unresolved.
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