Penelope
Diamond Member
- Jul 15, 2014
- 60,265
- 15,803
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In 2018, U.S. exports to China totaled $120.3 billion, a 7.4% ($9.6 billion) decrease from 2017; U.S. imports from China totaled $539.5 billion, a 6.7% ($34.1 billion) increase; and the trade deficit was $419.2 billion, an 11.6% ($43.6 billion) increase.
In 2018, the level of U.S. imports from China exceeded the prior five-year average level by value not adjusted for inflation. The level of exports to China for 2018 was below the five-year average by value. In 2018, the U.S. trade balance with China was negative.
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A lot of good the trade war is doing? Can you explain this to me?
In 2018, the level of U.S. imports from China exceeded the prior five-year average level by value not adjusted for inflation. The level of exports to China for 2018 was below the five-year average by value. In 2018, the U.S. trade balance with China was negative.
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A lot of good the trade war is doing? Can you explain this to me?