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BUSINESS Monday 9 SepteMber 2019
A25

China's trade with U.S. shrinks as tariff war worsens

By JOE McDONALD billion of Chinese imports
AP Business Writer and plans to hit another
BEIJING (AP) — China's $160 billion on Dec. 15. That
trade with the United States would extend penalties
is falling as the two sides to almost everything the
prepare for negotiations United States buys from
with no signs of progress China.
toward ending a tariff Beijing responded by
war that threatens global imposing duties of 10% and
economic growth. 5% on a range of American
Imports of American goods imports. More increases
tumbled 22% in August are due on Dec. 15 in line
from a year earlier to with the U.S. penalties.
$10.3 billion, customs data U.S. tariffs of 25% imposed
showed Sunday. Exports to previously on $250 billion of
the United States, China's Chinese goods are due to
biggest market, sank 16% rise to 30% on Oct. 1.
to $44.4 billion. China has imposed or
Both sides have raised announced penalties on
tariffs on billions of dollars of an estimated $120 billion
each other's imports in the of U.S. imports. Some have
fight over complaints about been hit with increases
Beijing's trade surplus and more than once, while
technology development In this Aug. 6, 2019, file photo, a woman walks by a money exchange shop decorated with differ- about $50 billion of U.S.
plans. The United States, ent countries currency banknotes at Central, a business district in Hong Kong. goods is unaffected,
Europe, Japan and other Associated Press possibly to avoid disrupting
trading partners say those shows how unlikely a trade in August from $27 billion a must be lifted once an Chinese industries.
violate Chinese market- deal and de-escalation year earlier. agreement takes effect. Beijing also has retaliated
opening commitments. have become," said Louis China's global exports fell Washington says some by canceling purchases
U.S. and Chinese Kuijs of Oxford Economics 3% to $214.8 billion, while must stay to ensure Beijing of soybeans, the biggest
negotiators are preparing in a report. "Meanwhile, imports were up 1.7% at carries out any promises it single U.S. export to China.
for talks in October. Despite the global trade weakness $180 billion. For the first makes. The Chinese government
that, the two governments looks set to linger, which eight months of 2019, Trump and Chinese has agreed to narrow its
escalated their fight will continue to weigh exports were off 1% from President Xi Jinping trade surplus with the U.S.
on Sept. 1, imposing or on demand for China's a year earlier and imports agreed in June to resume but is reluctant to give up
increasing penalties on exports." were down 5.6%. negotiations, though development strategies it
billions of dollars of goods. The conflict has disrupted China's global trade surplus neither side shifted its sees as a path to prosperity
President Donald Trump trade in goods from rose 25% from a year earlier position. Talks in Shanghai and global influence.
plans another increase soybeans to medical to $34.8 billion. in July ended with no Some analysts suggest
Oct. 15. equipment, battered Exports to the European indication of progress. Beijing is holding out in
Chinese exporters also face traders on both sides and Union rose 3% from a year The governments agreed to hopes Trump will feel
pressure from weakening fueled fears in financial earlier to $38.3 billion. meet again in September pressure to make a more
global consumer demand. markets of a global U.S.-Chinese negotiations but that was postponed to favorable deal as his
That hurts efforts to find economic slowdown. broke down in May over October. They have yet to campaign for the 2020
markets to replace the China's politically sensitive how to enforce any announce a date. presidential election picks
United States. trade surplus with the U.S. agreement. Beijing says Washington imposed 15% up. Trump has warned that
"The tit-for-tat escalation narrowed to $31.3 billion Trump's punitive tariffs tariffs on Sept. 1 on $112 if he is reelected, China
will face a tougher U.S.
Indiana sees surge in wind power despite negotiating stance.q

lack of standards

INDIANAPOLIS (AP) — Indiana has lion homes. Another 1,130 mega- say Indiana needs clear, uniform
experienced a surge in wind farm watts of new wind capacity are rules on locating wind farms to at-
construction during the past de- under construction or in advanced tract more investments.
cade that’s given the state the na- development across the state, Indiana also has no renewable-
tion’s 12th-highest number of wind from modest projects to major wind energy standard. Such standards
turbines. farms. That’s caught the eye of the already in place in 29 other states
But some renewable energy ad- American Wind Energy Associa- require that a certain percentage
vocates say Indiana risks being tion, which represents wind-power of the electricity that utilities sell
outpaced by other states unless it project developers and equip- comes from renewable resources.
does more to encourage commer- ment suppliers. The Washington, Indiana’s lack of a renewable-en-
cial wind power, the Indianapolis D.C.-based trade association said ergy standard shows that the state
Business Journal reported. in August that it would host its 2021 “could be a little bit more progres-
Since 2008, developers have in- CleanPower conference and trade sive” in encouraging the develop-
stalled more than 1,000 wind tur- show in Indianapolis, based on the ment of clean energy sources, said
bines across Indiana, primarily on “immense potential Indiana has to Ben Inskeep, senior energy policy
16 large wind farms that produce be among the leading states for analyst in Indianapolis with EQ Re-
2,317 megawatts of electricity — wind energy.” search, a North Carolina-based
enough to power more than 1 mil- But renewable energy advocate clean-energy consulting firm.q