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Import prices drop 0.3% in May — cost of Chinese imports falling amid tariff fight

Jeffry Bartash
Import prices drop 0.3% in May — cost of Chinese imports falling amid tariff fight

The cost of imported goods fell in May, reflecting a decline in the prices of most foreign-made goods including those coming from China that have been hit with U.S. tariffs. The import price index dropped 0.3% last month.