US China Trade War Heats Up As Surplus Hits Record $34 Billion - Haihay.top

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Us china trade war heats up as surplus hits record $34 billion

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Us China Trade War Heats Up As Surplus Hits Record $34 Billion

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) , China's trade surplus with the United States ballooned to a record $34.1 billion in September, despite a raft of US tariffs, official data showed Friday, adding fuel to the fire of a worsening trade war.

Relations between the world's two largest economies have soured sharply this year, with US President Donald Trump vowing on Thursday to inflict economic pain on China if it does not blink.

The two countries imposed new tariffs on a massive amount of each other's goods mid-September, with the US targeting $200 billion in Chinese imports and Beijing firing back at $60 billion worth of US goods.

"China-US trade friction has caused trouble and pounded our foreign trade development," customs spokesman Li Kuiwen told reporters Friday.

But China's trade surplus with the US grew 10 percent in September from a record $31 billion in August, according to China's customs administration. It was a 22 percent jump from the same month last year.

China's exports to the US rose to $46.7 billion while imports slumped to $12.6 billion.

China's overall trade -- what it buys and sells with all countries including the US -- logged a $31.7 billion surplus, as exports rose faster than imports.

Exports jumped 14.5 percent for September on-year, beating forecasts from analysts polled by Bloomberg News, while imports rose 14.3 percent on-year.

While the data showed China's trade remained strong for the month, analysts forecast the trade war will start to hurt in coming months.

China's export jump for the month suggests exporters were shipping goods early to beat the latest tariffs, said ANZ's China economist Betty Wang, citing the bounce in electrical machinery exports, much of which faced the looming duties.

"We will watch for downside risks to China's exports" in the fourth quarter, Wang said.

Analysts say a sharp depreciation of the yuan has also helped China weather the tariffs by making its exports cheaper.

"The big picture is the Chinese exports have so far held up well in the face of escalating trade tensions and cooling global growth, most likely thanks to the competitiveness boost provided by a weaker renminbi (yuan)," said Julian Evans-Pritchard, China economist at Capital Economics.

"With global growth likely to cool further in the coming quarters and US tariffs set to become more punishing, the recent resilience of exports is unlikely to be sustained," he said.

https://www.afp.com/en/news/15/china-...

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According to a report by the AFP (

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The Duran – News in Review – Episode 136.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the escalating trade war between the United States and China, and the record trade surplus that positions China with a bit more leverage than Trump anticipated.

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Comment : Us china trade war heats up as surplus hits record $34 billion

吴晓东
吴晓东

Many Americans have an trade deficit with Walmart, Is Walmart ready to negotiate or will they get tariffed?

Louis Verheem
Louis Verheem

Recon US will win the trade war if the GOP wins the midterms and Trump gets a second term. If they loose China will get the political machine to reverse the tariffs and will become more powerful than US in a couple of years.

Larry Sherk
Larry Sherk

I think the only sustainable way out of this is for America to break its deep habit of insane consumption. American presidents have tried to solve problems by getting people to buy more stuff, and that has become the problem. The situation calls for a lot of love and a whole lot less materialism.

Robert Berger
Robert Berger

China took out a billion people out of poverty! why the USA is not doing the same with South America and Haiti

mark hughes
mark hughes

Great analysis - Thanks again

Vinod Vasan
Vinod Vasan

Seems like the Chinese have many retaliatory measures up its sleeves. Great analysis by Alexander mercouris as always.

Joan Taylor
Joan Taylor

Can anyone explain to me why we are not self sufficient?

kroikye
kroikye

Those that Control the Fed are Trying to Make the U.N. a MARXIST World Government Through Agenda 21. The Federal Reserve was set up by the Rothschilds and their Cronies. The Rothschild Family however has the Official Title : " Guardians of the Vatican Treasury ", its even in the Encyclopedia Judeica. And Dynasty Founder Mayer Amschel Rothschild was Already a Member of the VATICAN Knights of Malta. So yes the Rotschilds have a Degree of Power, but they SERVE the 1500 yearold Vatican System. Once Again : All ( NWO ) roads lead to the ANTICHRIST Papacy in Rome. And Yes this Current System will Fail and the Papacy will Play the Role of " Savior " : Offering the Marxist One World System and One World New Age Religion as a " Solution ". While Unknown to Many the Papacy, the JESUITS, Freemasonry and Other Secret Societies Created Much of the Problems in the First Place. Please do your Own Research and Get Born Again, God bless.

Got George
Got George

We should go full isolationist. No more foreign aid, no more foreign intervention or military presence. Bring all the troops home and protect our borders. No more immigration ever again. We are full! What’s wrong w that?

twaters57
twaters57

China should forget about the US trade. China does not need the US consumer or the US dollar anymore. China can make up the lost trade with the US easily by growing it's consumer economy and expanding their trade with other countries. The US has a fake consumer economy that is fueled by printing US dollars (21 trillion so far).

Rob Ford
Rob Ford

It's not Free Trade..The whole Fkin system is Rigged....

Paul McM
Paul McM

I do like listening to you two, Very informative.

rick4electric
rick4electric

A break with China could not help but IMPROVE the wages and job opportunities for the American People! The idea that the heavy manufacturing loss in the United States is a one way street is ridiculous! Get rid of the Rothschild Federal Reserve and ANYTHING is possible! Why support those rich drones anyway? Make them sell their art collections and get a job! They would rather die! So they will self-eliminate themselves and all will be well with the world forevermore!

Dennis Clark
Dennis Clark

Proverbs 22:7 "The rich ruleth over the poor, and the borrower is servant to the lender."

Kirstin Strand
Kirstin Strand

You two are SOooo Good. I could watch you all day, your content is superior. Fair, reasonable and realistic.

Rosebud
Rosebud

The USA scapegoating other nations for interfering in their elections, LOL. . . it's all over now Baby Blue!

Gua Gua
Gua Gua

China will come out on top in this US initiated trade war. it's the biggest US creditor. Their economic strategy is far superior to the US because it's not from the American established schools of thought. They have been trading for over 5000 years and knows the game better. Just keep exchanging US T bills for gold like the Russians are doing and the US will quickly be in worse trouble. Also...with all the wars that the US are financing..thats got to stop too.....can't afford it right? I think the US underestimated China...maybe even disrespects China and doesn't treat it as equal in assuming that China will not and cannot retaliate the way it has and will. There is more to come for sure. Gonna get my popcorn out and watch....US has been poking the Bear and Dragon but the Dragon is bigger.....

744 748
744 748

Trump is just a lying charlatan. "Trade wars and good and easy to win," he said on Twitter. The guy is totally clueless and just waffles/flip-flops his way through life and gets away with it in the US because people are so uneducated.

Rabbi Jim Foroud Behizadeh
Rabbi Jim Foroud Behizadeh

How about we stop sending $50 million/day to Israel and send all AIPAC mafia goons to GITMO

The Duran
The Duran

Who comes out ahead in the trade war, U.S or China?

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