Trump boasted of a partial trade deal with China, but Goldman says 'it is more likely than not' that December tariffs kick in, perhaps with a delay.
The trade war with the US is continuing to take its toll on Chinese trade as data released on Monday shows that imports and exports continued their decline from the previous months. Exports fell 3.2% in September, which was worse than Bloomberg analysts expectations of 2.8% and imports fell 8.5% year on year. However, Goldman Sachs economists say they expect for this decline to continue despite Friday's trade agreement. View Markets Insider's homepage for more stories.
The trade war with the US is continuing to take its toll on Chinese trade as data released on Monday shows that imports and exports continued their decline from the previous months. Exports fell 3.2% in September, which was worse than Bloomberg analysts expectations of 2.8% and imports fell 8.5% year on year. However, Goldman Sachs economists say they expect for this decline to continue despite Friday's trade agreement. View Markets Insider's homepage for more stories.
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