Baku 25° C
US imports of Chinese products fall
Finance
- 08 November, 2018
- 13:16
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.
Author
Latest News
15:38
Flames, black smoke seen near Riyadh airport
Other countries15:18
Fatma Yildirim: Events of September 19–20 gone down in history of Azerbaijan's statehood
Domestic policy14:58
US okays potential $2.68B sale of air defense gear to Ukraine
Other countries14:38
Turkic World Composers' Union to be established in Baku
Cultural policy14:15
Photo
Romania ready to develop interregional co-op with Azerbaijan
Foreign policy13:50
Ombudsman's office in Azerbaijan refutes unfounded claims regarding detention conditions of Vardanyan, other Armenians
Domestic policy13:31
Azerbaijan's revenues from lease of state property to grow 20% in 2027
Finance13:16
Corporate profit tax revenues in Azerbaijan to approach 7B manats in 2027
Finance13:00