China Exports to U.S. Plunge 33% as Tariffs Loom Large

China’s exports to the United States dropped by 33% month-over-month in August, reflecting stronger tariff pressures and trade tensions. Although China’s overall exports maintained a 4.4% year-over-year increase, it fell short of the 5.0% forecast, fueling concerns about ongoing trade dynamics.

China Exports to U.S. Plunge 33% as Tariffs Loom Large

AP News Summary at 8:23 a.m. EDT

China has escalated its trade dispute with the United States by increasing its retaliatory tariffs to 84%. The move comes with a vow from Beijing to “fight to the end,” signaling a deepening of tensions between the two economic superpowers.