Something went wrong with the connection!
 Breaking News

China no longer top trading partner of US

China no longer top trading partner of US
August 03
10:36 2019

WASHINGTON: As a result of their ongoing trade, China is no longer the top trading partner of the United States and has been replaced by America’s neighbours Mexico and Canada, according to a media report. In the first half of the year, Mexico was the top trading partner of the United States followed by Canada, the latest official data reveals, according to The Wall Street Journal.
As a result of the ongoing trade war between the US and China, imports from China to the US dropped by 12 per cent and America’s export to China fell by 19 per cent, the daily said.

After coming to power, Trump has imposed 25 per cent import tariff on chinese products worth USD 250 billion.
Another 10 per cent tarrif on products worth USD 300 billion will come into effect on September 1.
Trump has so far maintained that China has been unfair to the US.

China has also taken several retaliatory steps. According to a Commerce Department report, the total value of bilateral goods exchanged with China fell 14 per cent in the first half of the year to USD 271.04 billion, The Wall Street Journal said. “After holding the top spot among US trading partners from 2015 to 2018, China now sits at No. 3 and now smaller than Mexico for the first time since 2005,” it said. PTI

Comments

comments

Related Articles

Polls

Is Pakistan right to charge 'service fee' from Sikh Pilgrims

View Results

Loading ... Loading ...

E-paper Latest Edition

Subscribe to our Digital Edition

Epaper

ADVERTISEMENT – INKASA INTERIORS

Inkasa Interiors | Interior Designer in Delhi

ADVERTISEMENT – Ponderosa Homes

Ponderosa Homes

50 SPIRITUAL APPETIZERS – VINOD DHAWAN

50-ad-Indiapost

It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

Jac O’Keeffe
Spirituality teacher based in USA.

*Available on Amazon, Flipkart & other online stores*

ADVERTISEMENT – Star Tours

Star Tours

ADVERTISEMENT – Global Holidays

Global Holidays Early Bird Discounts

POPULAR CATEGORIES

Follow us On Twitter

Indian-origin doctor charged with causing ... - https://t.co/fvS7p49GLq Get your news featured use #IndiaPostUSA… https://t.co/IulevO9Ydl
h J R
@Indiapost_News
#India-#Netherlands complement each other extremely well; make a great team: King Willem - https://t.co/72IKgSgXsphttps://t.co/L28jJHcJAC
h J R
@Indiapost_News
#William, #Kate meet Pak PM Khan, Prez Alvi - https://t.co/GEkRDrZISw Get your news featured use #IndiaPostUSA… https://t.co/QOZHa1FNvZ
h J R
@Indiapost_News

Facebook

Subscribe To Our Mailing List

Enter your email address:

Delivered by FeedBurner

Subscribe to IndiaPost by Email

Download Media Kit

India Post Media Kit