China's trade surplus with the U.S. is expanding. U.S. pressure is further strengthened, August 8 at 15:24
China's note The trade surplus with the United States from January to last month increased the trade surplus by about 4% due to a significant decrease in imports. It is also expected that President Trump will increase pressure, such as demanding more imports of American agricultural products.
China's customs authorities released trade statistics from January to last month on the 8th.
According to this, exports to the US decreased by 7.8% and imports decreased by 28.3% compared to the same period last year. The trade surplus with the United States increased by about 4% compared to the same period last year, as imports declined more than exports.
Although China and the United States have been taking measures to add high tariffs to their imports for over a year, China's trade surplus with the US, which Trump has seen as a problem, has not been reduced.
President Trump intends to expand the target of adding tariffs on imported goods from China on the 1st of the month, saying that China has not implemented the import expansion of American agricultural products agreed at the previous US-China summit. Shows.
China, on the other hand, has countered imports of American agricultural products, but as the trade surplus with China continues to expand, President Trump may further increase pressure on China. Expected.