China has been a lucrative market for American ginseng, but Ginseng is one of the agricultural products subjected to tariffs in the ongoing trade war between between Washington and Beijing.
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.
The US has removed tariffs on over 400 Chinese goods after American firms complained that the levies would cause economic hardship. But trade talks between the world's top two economies remain on a delicate footing.
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.
The imminent US tariffs on Chinese goods are expected to throw up some unexpected winners in Europe, a study shows. The gains for the European countries are only likely to increase if China chooses to retaliate.
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