China exports fall again as US trade war continues
|bbc.com 08 Dec 2019 at 07:28|
On Friday, White House economic adviser Larry Kudlow said the 15 December deadline - to impose a new round of tariffs on some $156bn of Chinese exports - remained in place.
A quick guide to the US-China trade war
Beijing and Washington are negotiating a potential deal aimed at de-escalating their trade dispute but so far have failed to agree on details.
Economists say that even if negotiations aimed at avoiding the new American duties are successful, many US buyers will have already found alternative suppliers.
US President Donald Trump said on Thursday that trade talks are "moving right along".
But China says existing tariffs must be scrapped as part of any interim deal.
The 17-month-long trade war has increased the risks of a global recession. China s policymakers may seek more stimulus measures after growth in the economy cooled to near 30-year lows.
Meanwhile, China s imports unexpectedly rose 0.3% in November from a year earlier, marking the first year-on-year growth since April.