Where was most of America’s stuff imported from last year? Hint: It’s not China https://www.cnn.com/2024/02/07/economy/china-mexico-us-trade/index.html For the past two decades, the United States imported more goods from China than all other nations. That’s no longer the case. Mexico is now the top exporter of goods into the US, according to new trade data released by the Commerce Department on Wednesday. Mexico sent$475.6 billion worth of goods into the US last year, a 5% increase from 2022. China, meanwhile, exported $427.2 billion worth of goods to the US last year, a 20% slump from 2022. As a whole, the total US trade deficit in goods and services — a measure of the difference between exports and imports — was $773.4 billion last year, a 19% decline from 2022. That’s the largest annual decline in the trade deficit since 2009. Contributing to the overall trend was a weaker dollar that’s made the cost of US goods cheaper abroad, Matthew Martin, US economist at Oxford Economics, said in a note Wednesday. Brad Setser, an economist and senior fellow at the Council on Foreign Relations, suggestedin a post on X that tariffs the Trump administration put in place have negatively impacted the amount of goods the US imports from China. At the same time, Americans have been dialing back on purchases of goods such as electronics that are widely produced in China since supply chain bottlenecks cleared up after the pandemic took hold. In turn, more spending has shifted to services like travel and entertainment.
same stuff different lable, imported from china doubled since 2020, these political econmists are joking https://tradingeconomics.com/china/exports/mexico
%% ARE you sure,+ note thier warfare remarks \actions?? Mexico is much, much closer, much better transportation costs + more friendly, senior Less print cost on books by chicoms or other imports maybe . .Best , by far + best price price flashlights i ever had/have made by chicoms .
amigos make a cut either way, just like any other businesses, drugs, trafficking, lettuces, avocados, tequila, coffee. it is not their fight but taking advantage of the situation. a good thing the chinese are creating blue-color jobs down there, probly don't like the gringos much.
%% HAVE not had time to read this article\ but common commie rip off, bloomberg.com \99% Bond Wipeout [chicom context\2-8-24]
%% WHY? Labels are much cheaper than tariffs[taxes] LOL FED Reserve Bank of Dallas on thier latest 2022 pie chart, shows all in that sector; but its direct investment, much smaller chicom amount in 2022, than Mervn's total goods chart. Both can be correct, different measures. Even in a worse case \better to have chicom goods assembled in nearby Mexico; proving tariffs are nowhere near the best way to do it. US auto parts co may not like it?
the thesis is that trade restrictions don’t work as claimed. i know for a fact that maine lobster boats headed north and sold their seafoods to the canadian firms then airdrop to china during the trump’s term. custom label and the product of origin doesn’t match all the time but maine is next to canada, arguably fishing in the same sea. little fishermen got hurt, large producers can find a workaround.