U.S. exports fall 2.1% in June amid festering China trade dispute and faltering global economy

[Denizen]

Donald Trump is losing the trade war as US exports decline and US manufacturing has been in decline for several months which implies a technical recession in manufacturing.

If the sale of Chinese imports declines further in the USA it will have a severe effect on the US economy because the US makes more out of Chinese imports than China makes on its exports. Retail price mark-ups are 4 to 10 times the ex-factory price on Chinese goods and that mark-up is the money Americans are making out of Chinese imports.

Trump is a negative force on the US and world economy and he is causing a spiral into world recession.

"The trade deficit is running slightly ahead of last year’s near-record pace despite efforts by the Trump White House to reduce them."

The only economic factor increasing under Donald Trump are budget deficits and US government debt.

U.S. exports fall 2.1% in June amid festering China trade dispute and faltering global economy

U.S. exports fall 2.1% in June amid festering China trade dispute and faltering global economy
Published: Aug 2, 2019 9:54 a.m. ET

U.S. trade gap dips 0.3% to $55.2 billion in June from $55.3 billion

JEFFRY BARTASH REPORTER, Reuters

President Donald Trump and his Chinese counterpart, Xi Jinping, haven’t made much progress on trade talks to the detriment of the global economy.
The numbers: The nation’s trade deficit fell slightly in June owing to sizable drop in exports tied to a slowing global economy, reflecting a more challenging environment for the United States.
The deficit slid 0.3% to $55.2 billion from a revised $55.3 billion in May, the government said Friday. Economists polled by MarketWatch had forecast a $54.6 billion gap.
The trade deficit is running slightly ahead of last year’s near-record pace despite efforts by the Trump White House to reduce them. The president on Thursday threatened additional tariffs on virtually all Chinese goods owing to lack of progress in trade talks, roiling U.S. and international markets.
Read: Trade fights sap manufacturers as growth falls to slowest pace in three years
What happened: Exports declined 2.1% to $206.3 billion, marking the lowest level since December. The U.S. exported fewer autos, drugs and computer accessories.
One bright spot: Inflation-adjusted exports of U.S. oil hit an all-time high on the back of surging domestic production that’s reduced the need for foreign imports. The real trade deficit in petroleum was the lowest on record.
Imports dropped 1.7% to $261.5 billion. The U.S. imported less oil, drugs and cell phones.
The trade deficit with China was little changed at $30.2 billion. The gap with Mexico soared.
Big picture: The U.S. has run large trade deficits for decades and nothing has really changed. What has changed is the world economy: It’s gotten weaker in no small part due to the ongoing conflict between the U.S. and China.
The spat has disrupted global trade patterns, radiated damage to other countries and begun to harm U.S. economy as well. The world economy is likely to stumble along until the world’s two largest economies resolve their dispute.

 

[Meathead]

If the sale of Chinese imports declines further in the USA it will have a severe effect on the US economy because the US makes more out of Chinese imports than China makes on its exports. Retail price mark-ups are 4 to 10 times the ex-factory price on Chinese goods and that mark-up is the money Americans are making out of Chinese imports.

Yes, because wholesalers and retailers only mark-up Chinese products. Everything else they sell at cost.

 

[Denizen]

If the sale of Chinese imports declines further in the USA it will have a severe effect on the US economy because the US makes more out of Chinese imports than China makes on its exports. Retail price mark-ups are 4 to 10 times the ex-factory price on Chinese goods and that mark-up is the money Americans are making out of Chinese imports.

Yes, because wholesalers and retailers only mark-up Chinese products. Everything else they sell at cost.

Markups on imports are much higher than mark-ups on American-made goods.

American manufacturers couldn't compete with Chinese imports at double the ex-factory price.

 

[Meathead]

If the sale of Chinese imports declines further in the USA it will have a severe effect on the US economy because the US makes more out of Chinese imports than China makes on its exports. Retail price mark-ups are 4 to 10 times the ex-factory price on Chinese goods and that mark-up is the money Americans are making out of Chinese imports.

Yes, because wholesalers and retailers only mark-up Chinese products. Everything else they sell at cost.

Markups on imports are much higher than mark-ups on American-made goods.

American manufacturers couldn't compete with Chinese imports at double the ex-factory price.

You are a truely clueless bastard.

 

[Denizen]

If the sale of Chinese imports declines further in the USA it will have a severe effect on the US economy because the US makes more out of Chinese imports than China makes on its exports. Retail price mark-ups are 4 to 10 times the ex-factory price on Chinese goods and that mark-up is the money Americans are making out of Chinese imports.

Yes, because wholesalers and retailers only mark-up Chinese products. Everything else they sell at cost.

Markups on imports are much higher than mark-ups on American-made goods.

American manufacturers couldn't compete with Chinese imports at double the ex-factory price.

You are a truely clueless bastard.

Donald Trump will ravage the US and world economy because of support from dupes like you.

Donald Trump is a 7x business bankrupt who is financed by Russian mob money.

 

[Indeependent]

If the sale of Chinese imports declines further in the USA it will have a severe effect on the US economy because the US makes more out of Chinese imports than China makes on its exports. Retail price mark-ups are 4 to 10 times the ex-factory price on Chinese goods and that mark-up is the money Americans are making out of Chinese imports.

Yes, because wholesalers and retailers only mark-up Chinese products. Everything else they sell at cost.

Markups on imports are much higher than mark-ups on American-made goods.

American manufacturers couldn't compete with Chinese imports at double the ex-factory price.

You are a truely clueless bastard.

Donald Trump will ravage the US and world economy because of support from dupes like you.

Donald Trump is a 7x business bankrupt who is financed by Russian mob money.

Ravaging sounds sexy!

 

[007]

I couldn't care less if I have to pay an extra twenty five cents for a freakin' pack of Dixie Cups. China has been FUCKING America for DECADES, and we need to keep up whatever trade war until China either folds or comes to their senses.

But one thing China doesn't have is a democracy full of pussy little leftists cry babying about paying a little more for a new toothbrush like the democrat whiners we have here in America. They're communists, they have a dictatorship. They cart cry babies that open their pie hole and bitch off to a labor camp never to be seen again.