Exports to the U.S. via Tianjin Port in the first three quarters dropped 34% year-on-year, down to 11.3 billion dollars, the Tianjin Customs said Thursday.
The drop is due to dwindling buying power and rising protectionism in the U.S. amid the ongoing economic crisis, an expert with the Tianjin Customs said.
He said protective measures such as raised tariffs, embargoes, subsidies and various non-tariff barriers from the U.S. side are rising.
