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China imports from US plunge 31% in June amid tariff war


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This has got to hurt....

China imports from US plunge 31% in June amid tariff war

Source: Associated Press


By JOE McDONALD 
2 hours ago 

BEIJING (AP) — China’s trade with the United States plunged in June amid a tariff war with Washington over Beijing’s technology ambitions that has battered exporters on both sides. 

Imports of U.S. goods fell 31.4% from a year earlier to $9.4 billion, while exports to the American market declined 7.8% to $39.3 billion, customs data showed Friday. China’s trade surplus with the United States widened by 3% to $29.9 billion, potentially giving its critics ammunition to demand Washington take a hard line with Beijing. 

Presidents Donald Trump and Xi Jinping agreed in June to resume talks on the fight over U.S. complaints about Beijing’s trade surplus and plans for government-led development of technology industries. That helped to calm financial markets but economists say the truce is fragile because the conflicts that caused talks to break down in May persist. 

Trade has weakened since Trump started hiking tariffs on Chinese goods last June. Beijing retaliated with its own penalties and ordered importers to find non-U.S. suppliers. 


Read more: https://apnews.com/4afbfcaa2df3405b8257ad9502609886
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  • Platinum Contributing Member
8 minutes ago, Anler said:

Man fuck China

 

1 minute ago, f7ben said:

Time to completely cut them off economically and after that start sanctioning them for human rights abuses

:ylsuper:

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  • Platinum Contributing Member

And Tarriffs probably are only doing 1/2 of it. They care about their country enough to stop buying our shit without them. Us, well we are more concerned with accumulating cheap shit then if our fellow countrymen have a future.

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11 minutes ago, f7ben said:

Time to completely cut them off economically and after that start sanctioning them for human rights abuses

I thought we hated communists? 

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18 minutes ago, spin_dry said:

The idea of decoupling economically from China is laughable. 

No amount of hatred makes anybody correct.  That includes you.  

We aren’t looking to permanently “decouple”, we are looking for fairer trade deals you stupid ass clown.  

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4 minutes ago, Zambroski said:

No amount of hatred makes anybody correct.  That includes you.  

We aren’t looking to permanently “decouple”, we are looking for fairer trade deals you stupid ass clown.  

Zambo is the Ass Clown. 

Keep praising Trump and his art of the squeal.

so much winning. 

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1 minute ago, revkevsdi said:

Zambo is the Ass Clown. 

Keep praising Trump and his art of the squeal.

so much winning. 

Poor little guy.  Just so upset.  Hey, that’s a plastic sword you are carrying with your white knight outfit.  You know that, right?

:lol:

 

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33 minutes ago, spin_dry said:

The idea of decoupling economically from China is laughable. 

You are a stupid fuck like the dog shit on the bottom of my shoe has a higher IQ  :guzzle:

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7 minutes ago, Momorider said:

You are a stupid fuck like the dog shit on the bottom of my shoe has a higher IQ  :guzzle:

 

If you had dog shit on your shoe you'd be licking it off, closet homo.

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1 hour ago, f7ben said:

They are an economic terrorist 

While that may be true I think Americans are still very slow to realize what little clout you have against them. Not an area you are used to being in. 

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