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US imports of Chinese products fall
Finance
- 08 November, 2018
- 13:16
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Baku. 8 November. REPORT.AZ/ Research from UBS shows President Trump's tariffs on Chinese goods are having a material effect on US-China trade, Report informs citing Business Insider.
US imports of those products fell by 32% in August and September. However, the figure is overstated because imports of those items jumped in July.
"The fall relative to the May levels is a more modest but still large 20%," UBS said.
The analysts noted that imports of the goods from China "accelerated sharply" in the three months prior to implementation. The three-month increase was driven by US imports of tech devices — largely circuit boards and disk drives.
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