US merchandise import growth from China has collapsed from 12.5% at the beginning of the year down to 5% in recent months.
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US merchandise import growth from China has collapsed from 12.5% at the beginning of the year down to 5% in recent months.
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Trade conflicts and political uncertainty are adding to the difficulties governments face in ensuring that economic growth remains strong, sustainable and inclusive.
Angel Gurría, OECD Secretary-General
Why is growth slowing?
WHAT DOES IT MEAN FOR YOU ?
What does it mean for you ?
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Tariff hikes on Chinese imports to the US have hit consumer prices in targeted sectors. The price of washing machines in the US, for instance, rose 20% between March and July 2018.
