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Chinese investment in the U.S. also fell because of the pandemic recession.
According to the Federal Reserve Bank of New York, Americans are paying.
At the Port of Los Angeles, the busiest in nation, tariffs are taking a toll.
Some Chinese consumers are buying less and others are buying local.
About $300 billion worth of Chinese goods are getting hit with tariffs this weekend, including merry-go-rounds and lithium-ion batteries.
Best Buy reports quarterly earnings, as the shadow of tariffs looms against consumer electronics made in China.
China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump’s planned increase.
The founder of Chinese tech giant said Tuesday he expects no relief from U.S. export curbs,
Farmers hoped for a resolution to the trade war, then everything got worse.
Al Kluis, managing director of Kluis Commodity Advisors, thinks traders won’t see the soybean market turn until there are real orders and action taken.