China trade surplus with USA hits historic high & timing couldn’t be worse

14 Julio, 2018, 04:01 | Author: Kelly Blake
  • How a trade war with China hurts US farmers

The figures come after the two sides exchanged tit for tat tariffs on billions of dollars worth of goods and Donald Trump threatened to up the ante with measures on a colossal $200 billion of Chinese imports.

Last Friday, Trump rolled out 25% tariffs on $34 billion of Chinese goods.

Analysts expect to see the impact of the tariffs in July's figures. China's exports to the United States jumped by 13.6% in the first half of 2018 from a year earlier, while its imports from the USA rose 11.8% in the same period.

The June figures may have received a boost from USA and Chinese traders who rushed to fill orders for soybeans, ball bearings and other goods in both directions before threatened tariff hikes took effect.

China's trade surplus widened sharply amid escalating trade tensions with the USA, which is preparing to impose fresh tariffs on a further $200 billion in Chinese goods.

For January-June, it rose to $133.76 billion, compared with about $117.51 billion in the same period previous year. Imports expanded by 14.1 per cent to $175.1 billion, down from the previous month's 26 per cent.

Trump imposed $34 billion of tariffs on China, and another round of $16 billion is around the corner.

More news: Dozens killed in bombings at Pakistan election rallies
More news: Mueren 8 rinocerontes en reubicación en Kenia
More news: Scarlett Johansson deja protagónico tras quejas de actrices transgénero

While China continues to benefit from strong global demand for its goods for now, the rising trade tensions with the United States has the potential to hurt both sides.

A spokesman for the hotel told The Global Times: "Our boss was really angry about the endless tariffs the United States planned to..." "Not only will Chinese exporters suffer but American consumers as well", she said.

"Targeting such a large amount of basic consumers will inevitably have an effect on U.S. inflation". China's trade surplus with the United States over the same period was $133.76 billion, up from $117.51 billion previous year.

A trade war between Washington and Beijing has led some Chinese hotels and restaurants to begin raising prices for American customers in an unofficial form of retaliation.

After a strong start to the year, growth in China's exports has moderated recently, and is expected to face more pressure from the initial round of U.S. tariffs.

In a sign Beijing is seeking alternative supplies of the commodities as it hit U.S. imports with extra tariffs, China had dropped import tariffs on a range of animal feed ingredients from several Asian countries.

China's foreign trade faces risks of slowing in the second half of the year, General Administration of Customs spokesman Huang Songping told a news conference, though he said Beijing was capable of handling challenges.

Recomendado:

  • Fotógrafo que se cayó en festejo croata:

    Fotógrafo que se cayó en festejo croata: "Me abrazaron después"

    Marcó el 1-2 en el 100′ -luego empataría Mário Fernandes en el 115′- y anotó desde los 11 metros en la tanda fatídica. De hecho, fue el propio Mandzukic quien lo ayudó a levantarse.
    Jim Jarmusch Zombie Comedy A Go At Focus Features

    Jim Jarmusch Zombie Comedy A Go At Focus Features

    Jim Jarmusch has written a zombie script that's so hilarious and it has a cast of great actors: Rosie Perez , Daniel Craig . It's titled The Dead Don't Die , and it shoots over the summer.
    Djokovic por expresar su apoyo a Croacia en el Mundial

    Djokovic por expresar su apoyo a Croacia en el Mundial

    Todos lo que apoyen a Croacia contra Rusia son psicópatas y locos , que están para ser internados. En la misma línea, el político agregó que " Djokovic es un héroe nacional y le doy las gracias.
  • Trump readies tariffs on another $US200m of Chinese goods

    Trump readies tariffs on another $US200m of Chinese goods

    The American announcement came Tuesday - days after the USA began adding 25 percent tariffs on $ 34 billion of Chinese goods. Imposing taxes on another $200 billion worth of products will raise the costs of everyday goods for American families".
    North Atlantic Treaty Organisation  commented on the proposal of the trump to increase defense spending

    North Atlantic Treaty Organisation commented on the proposal of the trump to increase defense spending

    When asked if Trump would give Canada credit for heading the Iraq mission, Canadian Foreign Affairs Minister Chrystia Freeland ducked the question.
    Hombre violó y cortó la lengua a una niña con síndrome Down

    Hombre violó y cortó la lengua a una niña con síndrome Down

    Esta semana compareció ante un juez cautelar que dispuso su detención preventiva en la cárcel de Sucre . Los familiares piden justicia y reciben apoyo.
  • Zombieland 2 is Moving Forward With Original Cast Returning

    So, there you have it, Zombieland 2 is officially official now, after months of speculation and rumors. Stay tuned to Heroic Hollywood for the latest news on the upcoming Zombieland sequel as we learn it.

    Trump, Obama, Katy Perry, others lose followers following Twitter’s account purge

    Twitter had announced the cleanup on Wednesday in reforms it said were aimed at safeguarding the confidence in follower counts. The social-media company warned on Wednesday that its crackdown on fake accounts means users will have fewer followers.

    Yovani Gallardo suma su primer revés en derrota de los Rangers

    Craig Kimbrel dio una base por bolas para permitir una segunda anotación, pero ponchó a Joey Gallo para terminar la entrada. Por los Rangers , los venezolanos Elvis Andrus de 4-0, Rougned Odor de 4-1 y Robinson Chirinos de 4-1.
  • Melania Trump welcomed in Belgium with music and fashion

    Melania Trump welcomed in Belgium with music and fashion

    Other participating first ladies included Emine Erdogan of Turkey and Mojca Stropnik of Slovenia, Mrs. Klein is an all-American fashion house, but its chief creative officer, Raf Simons, is Belgian.
    Revelan que el submarino intentó comunicarse tres veces — ARA San Juan

    Revelan que el submarino intentó comunicarse tres veces — ARA San Juan

    El oficial de la Armada dijo que no dejó constancia de los contactos en la guardia porque consideró que no era necesario, ya que hasta entonces nada se sabía de la emergencia que tenía el submarino.

    Trump Tirade Sends NATO Leaders Into Crisis Session

    The president replied, "I think I probably can, but that's unnecessary". Trump said that this goal should be met by January.


Popular

Netflix supera a HBO en nominaciones a los Premios Emmy
Los dragones de " Game of Thrones " regresan a lo grande a los Emmy con 22 nominaciones , anunció la Academia de la Televisión. Maisel"); Allison Janney ( "Mom"); Issa Rae ( "Insecure"); Tracee Ellis Ross ("black-ish") y Lily Tomlin ("Grace and Frankie").

Who were the biggest losers in the Twitter 'locked' account purge?
Twitter said it expects the initiative to reduce the total follower count on the platform by a significant 6%, the Times reports. The social media platform is removing locked accounts from follower counts to increase credibility.

Inter Coach Martusciello Will Not Join Sarri's Staff At Chelsea
That success was helped by prolific striker Diego Costa, who scored 20 goals and provided eight assists. The club also recorded the second-highest points tally in a Premier League season.

Río Negro busca médicos venezolanos para trabajar en los hospitales públicos
Por eso, Río Negro está en contacto con la Dirección Nacional de Migraciones para radicarlos en Río Negro , explicó el funcionario.

Guerra comercial y depresión
A partir de ese momento, el presidente Donald Trump estará en condiciones de ordenar la aplicación de los aranceles . "La actitud de EE UU daña a China , al mundo y a ellos mismos".

Canadian Gabriela Dabrowski and Yifan Xu of China ousted in Wimbledon semis
John Isner and Kevin Anderson played a six-hour match in the Wimbledon semifinal due to a fifth set that refused to end. They have not, however, met since 2015 in Indian Wells where Isner won in straight sets 7-6 6-2.

Croatian president 'can't wait' for World Cup final
We were 20 minutes from a World Cup Final . "It hurts. They all took to Twitter to express their views. It's the winning that counts", he said.

8 endangered black rhinos die after relocation in Kenya
Losing the rhinos is "a complete disaster", said prominent Kenyan conservationist Paula Kahumbu of WildlifeDirect. A black rhino looks on during a rhino translocation exercise in Nairobi National Park in Kenya last month.

Néstor Pitana será el encargado de dirigir la final del Mundial
Y no alcanzará con hacerlo bien: tenemos que hacerlo excelente . Hemos trabajado muy duro para llegar hasta aquí. Estamos muy felices y muy comprometidos .

Real Madrid: Manchester United irá por el fichaje de Gareth Bale
Su futuro aún se mantiene en el aire y con la salida de Cristiano , es muy probable que el club blanco no deje salir a Bale . El análisis de su golazo histórico de chilena fue otro de los temas a analizar y Bale quiso explicar sus sentimientos.