China’s Trade With U.S. Weakens Sharply As Exports Plunge 33% And Imports Decline 16% Last Month

China’s exports to the U.S. fell 33% in August, dragging overall export growth to a six-month low, according to CNBC. Imports from the U.S. declined 16% year over year, according to customs data. China’s exports rose 4.4% in August, the slowest growth since February and below Reuters’ forecast of a 5% increase. The drop came as Trump’s administration tightened scrutiny on rerouted shipments and the boost from the U.S.-China tariff truce waned. Exports to other regions surged, with shipments to the EU, ASEAN, Africa, and Latin America up 10.4%, 22.5%, nearly 26% and 6%, respectively. Analysts expect U.S.-bound exports to face further pressure from tariffs, while economists look for Beijing to consider fiscal support and a possible central bank rate cut to bolster demand.