Trade between China and the United States increased sharply

0
302

The President of the U.S. China is threatening massive punitive tariffs, and has some already in force. The trade between the two largest economies flourish – and the US trade deficit.

Regardless of the trade tensions, the exchange of goods between the United States and China in the first half of the year. In comparison to the prior-year period, the volume of trade among the two largest economies grew, economies of 13.1 percent to a value of 301 billion US dollars.

As the Chinese customs reported on Friday in Beijing, increased exports from China to the United States in dollars calculated by 13.6 percent. The imports from the USA increased from a Chinese point of view, meanwhile, is 11.8 percent. The American trade deficit with China, the US President, Donald Trump is particularly disturbing, rose in June, with 28,97 billion dollars, the highest level in nearly two decades.

China’s exports to the USA grew in the month to a record high of US $ 42 billion, while the US only exported for $ 13.6 billion in goods to China. The Chinese total foreign trade in the beginning of to put since the year of 16 per cent compared to the previous year. In June alone, the increase was only 12.5 percent, it was a decline compared to the previous month by 2.1 percent. China’s imports rose in the first half of the year compared to the previous year, with particularly strong 19.9 per cent, whereas the exports of 12.8 percent grew.

The editorial recommends

The conflict between the largest economies coming to a head: The United States proposed a new list with imports from China of $ 200 billion, which could be assigned penalty duties. China is “shocked”. (11.07.2018)

With the entry into force of punitive US duties on Chinese products, the trade escalated conflict between Washington and Beijing. But In reality it’s much more than that, says the Economist Thomas Straubhaar. (06.07.2018)

The trade could get a shock

The trade with the United States, could be significantly slowed, if Trump makes good on his threat to show up at the end of August for further imports from China to the value of 200 billion US dollars, with ten per cent penalty duties. A week ago, already special taxes in the amount of 25 percent on imports from the people’s Republic in the value of 34 billion dollars were in force. Specific duties on further imports of US $ 16 billion are expected to follow this month. With all of these special charges, approximately half of Chinese exports to the United States would be affected, had achieved in the past year, a volume of around 500 billion US dollars.

China has announced a “necessary counter-measures” in the same amount – however, the US is exporting not so much to China, so that Washington must also take other retaliatory measures. So the Chinese authorities could make in the country make US the life difficult. These have sold in the past year, products and services to 280 billion US dollars in China.

zdh/ul (dpa)