Exports performed slightly better than economists polled by Bloomberg, who had forecast a 1.7 per cent drop, while imports were lower, with the poll predicting a 4.6 per cent drop. Photo: Reuters

China’s exports and imports both fell in June, as higher US trade war tariffs blitz Chinese economy

  • Exports fell by 1.3 per cent year-on-year after tariffs on US$200 billion of Chinese goods were raised from 10 per cent to 25 per cent by Washington in May
  • Over the first half of the year, China’s exports to the US fell by 8.1 per cent to US$199.4 billion, while imports dropped by 29.9 per cent to US$58.9 billion
Topic |   US-China trade war

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Exports performed slightly better than economists polled by Bloomberg, who had forecast a 1.7 per cent drop, while imports were lower, with the poll predicting a 4.6 per cent drop. Photo: Reuters
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Container cranes are pictured at the port of Singapore, whose economy contracted in the second quarter. Photo: Reuters

Singapore’s economy shrinks as US-China row hits global trade ... and it’s set to get worse, analysts say

  • Gross domestic product fell 3.4 per cent compared with the first three months of the year
  • City state’s heavy reliance on trade and its integration in regional and global supply chains makes it vulnerable to a slowdown in world growth and tariff wars
Topic |   Singapore

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Container cranes are pictured at the port of Singapore, whose economy contracted in the second quarter. Photo: Reuters
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