Record trade surplus with China due to impending tariffs

Discussion in 'Economics' started by Here4money, Oct 12, 2018.

  1. Here4money

    Here4money

    This just gives Xi Jing Ping more leverage to tell Donnie to take a hike and come back after November.

    https://www.bloomberg.com/news/arti...t-growth-stable-imports-robust-amid-trade-war

    Rush to Beat Tariffs Fuels Record China Trade Surplus With U.S.

    China’s export trade growth accelerated in September, signaling that producers expedited sales abroad to avoid fresh tariffs imposed by the Trump administration.

    Economists said the surge, which contributed to a new record trade surplus with the U.S., can’t last.

    Exports in dollar terms rose 14.5 percent in September compared to the same period last year, the customs administration said Friday, defying expectations for a slowdown to 8.2 percent. Imports climbed 14.3 percent, leaving a trade surplus of $32 billion.
     
  2. zdreg

    zdreg

    In general, the constant trade surplus is because China is becoming richer and is buying the best quality available, This means Japan and Germany.
     
  3. Can't read your post as I have you on ignore.

    However, there won't be "record trade surplus with China". Trump is trying to "even up" the trade balance with China... currently running nearly $1 TRILLION negative for the US. Of course, China loves this advantage... mostly given to them by Odumbo... and sqeals like a little girl at the thought of having it go away.
     
  4. DaveV

    DaveV

    From: https://tradingeconomics.com/united-states/current-account-to-gdp

    U.S. trade balance in 2008 (the year before Obama took office): -4.7% of GDP
    U.S. trade balance in 2016 (Obama's last year in office): -2.4% of GDP
    U.S. trade balance in 2017 (First year Trump in office): -2.4% of GDP

    It appears that Obama actually cut the trade deficit in half, and that Trump has failed to improve on that.
     
    Here4money and kwayker22 like this.