Chinas trade surplus with the USA sets new record in September.

Discussion in 'Economics & Trade' started by 61falcon, Oct 12, 2018.

  1. 61falcon

    61falcon Well-Known Member

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    The Chinese trade surplus with the USA set another new record of $34.13 Billion in September surpassing the prior record of $31.05 set in August.Through the first nine months of 2018 the Chinese surplus with the USA is $225.79 Billion compared with $196.01 Billion for the same period of 2017.
     
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  2. flyboy56

    flyboy56 Well-Known Member

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    Great. A link would be nice.
     
  3. Tim15856

    Tim15856 Well-Known Member

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    Does this mean tariffs are having no affect on Chinese imports?
     
  4. ronv

    ronv Well-Known Member

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  5. ronv

    ronv Well-Known Member

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    It looks like not yet anyway.
    But the Grinch tariffs start toward the end of September.
     
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  6. 61falcon

    61falcon Well-Known Member

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    It would indicate they definitely are not having the desired effect.
     
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  7. Baff

    Baff Well-Known Member

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    This should please all those who didn't want China to lose any sales.
     
  8. 61falcon

    61falcon Well-Known Member

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    Our policies of a 25% are severely curtailing the sale of U.S.autos n China.
     
  9. 61falcon

    61falcon Well-Known Member

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    Should say 25% tariff in above post.
     
  10. ronv

    ronv Well-Known Member

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    Yeah. They are also curtailing the sales of US autos made in China for sale in the US.
    FORD has announced it will not try to bring the Focus crossover into the US due to tariffs. They also announce layoffs of about 24,000 mostly white collar workers due, they say, to the steel and aluminum tariffs. In the midst of all this their bonds that they need to restructure have been downgraded even as the rates rise. They may be lucky to survive.
    upload_2018-10-12_18-16-11.png
     

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  11. CourtJester

    CourtJester Well-Known Member

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    So basically what the Chinese trade surplus does is subsidize cheap goods for the average American by raising the national debt.
     
  12. yardmeat

    yardmeat Well-Known Member

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    How does the trade surplus raise the national debt? You mean the Chinese national debt? Nothing about our trade deficit increases our national debt, but China may be fueling their trade surplus by subsidizing their goods and incurring a debt.
     
  13. ronv

    ronv Well-Known Member

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    Not really. Government spending and lack of revenue raise the deficit, The money from trade comes back to us in investments or loans to finance that debt.
     
  14. CourtJester

    CourtJester Well-Known Member

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    Money from trade comes back as investment or loans? Where did you learn economics.
     
  15. 61falcon

    61falcon Well-Known Member

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    Money from trade goes to the bottom line of the companies that participate in the trading!
     
  16. Moonglow

    Moonglow Well-Known Member

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    Winning!
     
  17. Moonglow

    Moonglow Well-Known Member

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    That is the consensus of hope.
     
  18. ronv

    ronv Well-Known Member

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  19. ronv

    ronv Well-Known Member

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  20. yardmeat

    yardmeat Well-Known Member

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    If you think the trade deficit is a monetary deficit, I don't think you should be criticizing anyone else on their economic learnings. Trade creates wealth. Econ 101.
     
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