Trade between China and the United States plummeted by 13.9% in January 2018 year on year and amounted to $45.8 billion amid the yet unresolved trade dispute between the world's largest economies, data published by the Chinese General Administration of Customs showed on Thursday
BEIJING (Pakistan Point News / Sputnik - 14th February, 2019) Trade between China and the United States plummeted by 13.9% in January 2018 year on year and amounted to $45.8 billion amid the yet unresolved trade dispute between the world's largest economies, data published by the Chinese General Administration of Customs showed on Thursday.
According to the data, Chinese imports in the United States fell by 2.4 percent, reaching $36.5 billion, while the United States exported just $9.2 billion worth of goods to China, which marked a 41.2 percent decrease year-on-year.
The trade imbalance between the two countries one of reasons that prompted US President Donald Trump to start the trade war in the first place totaled $27.3 billion in January 2018 and slightly contracted compared to last December, when it reached $29.9 billion.
Meanwhile, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are scheduled to hold another round of trade talks with high-ranking Chinese officials in Beijing on Thursday and Friday. The two countries now have just two weeks left to work out a mutually acceptable agreement before the 90-day trade truce, called by Trump and Chinese President Xi Jinping last December, ends on March 1.
