China exports increased by 7.2% in June, US exports down by $1.3B

[Airyaman]

Don't think we're winning this trade war with...anyone. Certainly not China.

But hey, our trade deficits are decreasing! We're exporting less, but we're importing much less as well.

Brilliant!

China’s exports defy trade war headwinds in July as growth surges to 7.2%

China’s exports beat market forecasts in July as rising shipments to Europe, Africa and Latin America offset the impact of US tariffs.

www.scmp.com

China’s exports continued to accelerate in July as a fall in shipments to the
United States was offset by growth in a range of markets, including Africa,
Europe and Latin America, with chip exports surging by nearly 30 per cent,
year on year.

The world’s largest goods exporter saw outbound shipments rise last month
by 7.2 per cent, year on year, to US$321.8 billion, according to customs data
released on Thursday.

The figure was higher than the 5.8 per cent growth rate recorded in June and
beat the 5.8 per cent growth forecast in a market survey by the Chinese
financial data provider Wind.

Foreign Trade Press Release Page

www.census.gov

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced
today that the goods and services deficit was $60.2 billion in June, down $11.5
billion from $71.7 billion in May, revised.

June exports were $277.3 billion, $1.3 billion less than May exports. June
imports were $337.5 billion, $12.8 billion less than May imports.

The June decrease in the goods and services deficit reflected a decrease in the
goods deficit of $11.4 billion to $85.9 billion and an increase in the services
surplus of $0.1 billion to $25.7 billion.

 

[The Brad Dad]

Don't think we're winning this trade war with...anyone. Certainly not China.

But hey, our trade deficits are decreasing! We're exporting less, but we're importing much less as well.

Brilliant!

China’s exports defy trade war headwinds in July as growth surges to 7.2%

China’s exports beat market forecasts in July as rising shipments to Europe, Africa and Latin America offset the impact of US tariffs.

www.scmp.com

Foreign Trade Press Release Page

www.census.gov

I wish 30% of the country wasn't so racist and stupid about economics. There is literally no means for us to regain a lot of this manufacturing, thus tariffs will never bring back anything except a depression.

 

[ScrambledEggs]

Sounds like US front loading imports before tariffs hit

 

[bongsaway]

Don't think we're winning this trade war with...anyone. Certainly not China.

But hey, our trade deficits are decreasing! We're exporting less, but we're importing much less as well.

Brilliant!

China’s exports defy trade war headwinds in July as growth surges to 7.2%

China’s exports beat market forecasts in July as rising shipments to Europe, Africa and Latin America offset the impact of US tariffs.

www.scmp.com

Foreign Trade Press Release Page

www.census.gov

This is trump the greatest business person ever doing his thing.

 

[Callen]

Will a Trumper, any Trumper, explain to me why a trade imbalance with most countries is a bad thing ? Seems to me that it was these imbalances that contributed to making the US the economic super power and rich country it is.

 

[ScrambledEggs]

Will a Trumper, any Trumper, explain to me why a trade imbalance with most countries is a bad thing ? Seems to me that it was these imbalances that contributed to making the US the economic super power and rich country it is.

Trump loves the poorly educated

 

[Questerr]

Reminding everyone Trump gets his ideas about tariffs from a man who couldn’t find a single real economist who supported his ideas on tariffs, so he made one up to reference using an anagram of his own name.

 

[Plasmaball]

This ia gonna get bad.
In a fb group for a toy Mondo was charging 54 for tarrifs.
Thats on a 700 dollar item. Thats 54 bucks the customer has to pay.

America isnt ready for how bad this is gonna get.

 

[Airyaman]

This ia gonna get bad.
In a fb group for a toy Mondo was charging 54 for tarrifs.
Thats on a 700 dollar item. Thats 54 bucks the customer has to pay.

America isnt ready for how bad this is gonna get.

C'mon guy, relax! It's time to celebrate!

Tariffs on the rest of the world are now in effect!

Golden Age!

 

[Callen]

Flowing in from US businesses and consumers. Why does he pretend that the money is coming in from outside of the States? Why do Trumpers fall for it?

 

[ScrambledEggs]

Flowing in from US businesses and consumers. Why does he pretend that the money is coming in from outside of the States? Why do Trumpers fall for it?

The same reason they think Jerome Powell sets interest rates.

They're dumb.

 

[Plasmaball]

C'mon guy, relax! It's time to celebrate!

Tariffs on the rest of the world are now in effect!

Golden Age!

What's he gonna do when tarrifs slow and "dry up"

 

[Airyaman]

Flowing in from US businesses and consumers. Why does he pretend that the money is coming in from outside of the States? Why do Trumpers fall for it?

Watch as Bessent is backed into a corner and has to admit US companies pay the tariffs.



But like a coward he says they are absorbing tariffs (not passing on the cost to the consumer) or that foreign suppliers are reducing prices to help reduce the total cost with tariffs.

 

[Plasmaball]

Watch as Bessent is backed into a corner and has to admit US companies pay the tariffs.



But like a coward he says they are absorbing tariffs (not passing on the cost to the consumer) or that foreign suppliers are reducing prices to help reduce the total cost with tariffs.

Some are, some arent.

 

[Airyaman]

Some are, some arent.

There is very little evidence that foreign companies are lowing prices to help with tariffs. Perhaps Amazon and Walmart can get some concessions because of their sheer buying power, but everyone else is footing the whole tariff bill.

 

[Visbek]

So, who is Trump going to fire over this? Should we set up a pool? Maybe a bracket?

 

[SCrider]

Will a Trumper, any Trumper, explain to me why a trade imbalance with most countries is a bad thing ? Seems to me that it was these imbalances that contributed to making the US the economic super power and rich country it is.

The only people talking about trade imbalances are ****ing idiots who just parrot the head ****ing idiot Trump.
Trade imbalances are not a good or bad thing they simply the difference between exports and imports.
We obviously export less to a poor developing country like vietnam then we would import.
They don't have the need or money for expensive American goods while we want their inexpensive goods they manufacture.

 

[Plasmaball]

There is very little evidence that foreign companies are lowing prices to help with tariffs. Perhaps Amazon and Walmart can get some concessions because of their sheer buying power, but everyone else is footing the whole tariff bill.

Nobody is lowering prices because of this.