China Exports Falling—Trade War Picture Getting Uglier

China’s exports unexpectedly contracted in August, with sales to the U.S. tumbling amid the escalating trade war between the two nations….It’s bad on all fronts,” said Michael Every, head of Asia financial markets research at Rabobank in Hong Kong. “Add in the inevitable fall-off when U.S. shipments finally catch up with 15% and 30% tariffs, and it’s an ugly picture.”