Caixin: China Trade Surplus With US Grows Despite Tariffs

Despite tariffs imposed by the Trump administration, China’s trade surplus with the United States continue to swell. “Exports to the U.S. grew 13.2% in August from a year earlier to $44.39 billion, with the growth rate accelerating from 11.2% in July,” reports Wu Gang for Caixin, adding that China’s growth worldwide slowed for the month. “The Trump administration began levying a 25% tariff on $34 billion worth of Chinese goods in early July, and slapped tariffs on an additional $16 billion of Chinese imports at the end of August, citing the widening trade deficit and China’s ‘stealing’ of U.S. intellectual property.” The US president has threatened to impose more tariffs if China does not take steps to alleviate the trade imbalance, and the increase may be due to companies increasing orders just before the United States issued tariffs and China retaliated. – YaleGlobal

Caixin: China Trade Surplus With US Grows Despite Tariffs

The US has imposed tariffs and China retaliated, but China’s US exports increased in August and the trade imbalance continues to swell
Wu Gang
Tuesday, September 11, 2018

Read the article from Caixin about the trade imbalance between China and the United States/

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