Pavel + 384 PP January 14, 2019 China’s exports unexpectedly fell the most in two years in December, while imports also contracted, pointing to further weakness in the world’s second-largest economy in 2019 and deteriorating global demand. Adding to policymakers’ worries, data on Monday also showed China posted its biggest trade surplus with the United States on record in 2018, which could prompt President Donald Trump to turn up the heat on Beijing in their bitter trade dispute. Softening demand in China is being felt around the world, with slowing sales of goods from iPhones to automobiles, prompting warnings from the likes of Apple and from Jaguar Land Rover, which last week announced sweeping job cuts. The dismal December trade readings suggest China’s economy may have cooled faster than expected late in the year, despite a slew of growth-boosting measures in recent months ranging from higher infrastructure spending to tax cuts. Quote Share this post Link to post Share on other sites
ThunderBlade + 231 TB January 14, 2019 Yep. In same time, in 2018, China's trade surplus with the US was the largest on record... 1 Quote Share this post Link to post Share on other sites
rainman + 263 January 14, 2019 2019.... ”With global growth set to cool further this year, exports will remain weak even if China can clinch a trade deal that rows back Trump's tariffs," wrote Julian Evans-Pritchard, senior China economist at Capital Economics in his a Monday note.” 1 Quote Share this post Link to post Share on other sites
50 shades of black + 254 January 14, 2019 The World’s biggest economies are moving deeper into a slowdown..... 1 Quote Share this post Link to post Share on other sites
pinto + 293 PZ January 14, 2019 In parallel, gold keeps hiking in value.. Globalism is loosing ground.... 1 Quote Share this post Link to post Share on other sites
damirUSBiH + 327 DD January 14, 2019 Storm clouds moved from horizon...a time to be worried for the financial markets? 1 Quote Share this post Link to post Share on other sites
ronwagn + 6,290 January 15, 2019 12 hours ago, ThunderBlade said: Yep. In same time, in 2018, China's trade surplus with the US was the largest on record... Does anyone know how much the USA collected from China because of our increases in tariffs? Quote Share this post Link to post Share on other sites
Hotone + 412 January 15, 2019 6 hours ago, ronwagn said: Does anyone know how much the USA collected from China because of our increases in tariffs? According to this article, it is 8.4 billion dollars in 2018. This revenue is collected from American importers. https://www.cfr.org/blog/115-percent-trumps-china-tariff-revenue-goes-paying-angry-farmers 1 Quote Share this post Link to post Share on other sites
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