Olde Hornet
Well-Known Member
Why the U.S.-China trade deficit is so huge: Here’s all the stuff America imports
President Trump bared his brass knuckles again in a trade spat with China, threatening to raise tariffs on billions of dollars in imports because talks to resolve the dispute are going “too slowly.”
www.yahoo.com
The simmering trade war between the U.S. and China has led both sides to raise tariffs, but the lopsided trade relationship between the two countries means the impact will fall heaviest on Chinese producers and American consumers and farmers.
The U.S. imported a record $539.5 billion in goods from China in 2018. The U.S. is a net importer from China in most market segments such as consumer electronics, apparel, furniture and industrial supplies. The one major exception: agriculture.
By contrast, the U.S. shipped a much smaller $120.3 billion in goods to China last year, Census trade figures showed.