China's September imports from US fall 20% amid tariff war

BEIJING — China's trade with the United States fell by double digits again in September amid a tariff war that threatens to tip the global economy into recession.

Customs data reported Monday show imports from the United States fell 20.6% from a year earlier. Exports to the U.S. market fell 17.8%.

The two sides agreed Friday to postpone further tariff hikes in their dispute over Beijing's trade surplus and technology policies. But they reported no agreements on the basic disputes that sparked their 15-month-old fight.

Other News

Home Depot rides housing boom to record sales, profit

Aug 16, 2016

Home Depot posted record sales and earnings during its second quarter and raised its profit expectations for the year as housing market continues to warm up

Asian stocks mostly higher after Wall Street decline

Aug 17, 2016

Asian stock markets were mostly higher Wednesday after Wall Street declined

Body donations on the rise at US medical schools

Aug 17, 2016

Many U.S. medical schools are seeing a surge in the number people leaving their bodies to science

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.