China Exports Rise In March, Rebounding From Slump

China’s exports rebounded from a slump in March and sales to the United States rose despite President Donald Trump’s tariff hikes. Exports rose 14.2% over a year ago to $198.7 billion, recovering from February’s 20.8% contraction, customs data showed Friday. Imports fell 7.6% to $166 billion, worsening the previous month’s 5.2% decline.
Exports to the United States rose 3.7% to $31.8 billion, recovering from February’s 28.6% decline despite Trump’s tariffs of up to 25% on $250 billion of Chines goods.
Imports of American goods plunged 25.8% to $11.3 billion, hit by Chinese retaliatory duties and orders to buyers to find other suppliers. The slump has added to pressure on Chinese leaders to make peace in a tariff war with Washington over Beijing’s technology ambitions.
 

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Except that since it is the consumer who pays the tariff, not the exporter. It simply means WE are paying more for products under the Trump tariffs while China is profiting from increased exports....

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What are the contents of this "trade war"? it was all smoke and mirrors....

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Meanwhile, for the week ending March 29, 2019, U.S. 2018/19 the soybean export commitments (outstanding sales plus accumulated exports) to China totaled 12.9 million tons compared to 28.7 million a year ago.

 

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Silk Road and Belt Initiative... China's expansion is already in Europe under it

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https://www.scmp.com/comment/insight-opinion/article/3004246/china-can-shake-flurry-bad-economic-news-soon-it-shakes?gclid=EAIaIQobChMIgIHquoPM4QIVU0-GCh3YJQOIEAEYASAAEgLOH_D_BwE

China’s economy is hurting and a trade deal can’t come a moment too soon for Beijing

  • China’s official economic figures point to a bad year. Beijing has only one real way out of the slump – it needs to end the trade war with Washington. Vice-Premier Liu He, who visits the US this week, should hammer out a deal soon

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