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Trade war

US exports to China sink 11% as soybean shipments plunge

Trade deficit on pace to reach record high

A soybean farmer in the U.S. state of Illinois checks his crop in a field. U.S. soybean shipments to China decreased sharply in August amid trade tensions.   © Reuters

WASHINGTON -- U.S. exports to China decreased 11.3% on the month in August, as soybean shipments plummeted amid the escalating trade tensions between the world's two largest economies.

Total American exports to China amounted to $9.77 billion, the Department of Commerce said Friday, widening the monthly decline from 8.2% in July. U.S. imports from China slid 2.1% in August as the tariff war took a toll.

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