• Tuesday, July 17, 2018

China trade surplus with US hits record high in June

Discussion in 'China & Far East' started by qwerrty, Jul 14, 2018 at 7:55 AM.

  1. qwerrty

    qwerrty SENIOR MEMBER

    Messages:
    2,540
    Joined:
    May 12, 2010
    Ratings:
    +0 / 5,741 / -9
    bbc.com
    China trade surplus with US hits record high in June
    3-4 minutes


    The figures come a week after the trade war between the two began, with the US imposing tariffs on $34bn of Chinese goods, and China retaliating.

    This week, Washington threatened to impose 10% tariffs on another $200bn of Chinese imports.

    Analysts expect to see the impact of the tariffs in July's figures.

    "We expect the trade numbers for July to disappoint since that's when the first round of US tariffs took effect," said Amy Zhuang, China analyst at Nordea Bank in Singapore.

    "Still, we do not expect a plunge because those tariffs only targeted $34bn worth of goods which is fairly small compared to China's total trade", she said.

    In the first six months of the year, China's exports to the US rose 13.6% from a year earlier, while imports from the US increased by 11.8%. Its trade surplus with the US over the same period was $133.76bn, up from $117.51bn last year.

    Knock-on effects
    As the world's largest exporter, China has threatened retaliatory action against the tariffs and pledged that it would lodge a complaint with the World Trade Organization.

    US President Donald Trump had already threatened to impose additional tariffs if China - the world's largest exporter - retaliates.

    While China continues to benefit from strong global demand for its goods for now, the rising trade tensions with the US has the potential to hurt both sides.

    Amy Zhuang has warned that there could be knock-on effects if the US proceeds with its proposal for a new round of tariffs on $200bn of Chinese goods.

    "Not only will Chinese exporters suffer but American consumers as well," she told the BBC.

    "Targeting such a large amount of basic consumers will inevitably have an effect on US inflation."

    No easy win
    Others say the latest data shows how difficult it will be for the US to win the trade war, arguing that Americans want to buy Chinese-made products.

    David Kuo, chief executive of the Motley Fool Singapore, said "US tariffs will increase the cost of Chinese imports but they are unlikely to deter US consumers entirely".

    But, he said, China has another option - Beijing could reduce the impact of US tariffs on exporters by devaluing the yuan to make its goods cheaper for American consumers.

    However, a lower yuan would make it more expensive for China to import US goods.

    "So we would be back to square one," Mr Kuo said, with China exporting more to the US than it buys from the country. "Trade wars are not easy to win", he said.


    -----
    [​IMG]
     
    • Thanks Thanks x 7
  2. TaiShang

    TaiShang ELITE MEMBER

    Messages:
    21,039
    Joined:
    Apr 30, 2014
    Ratings:
    +69 / 77,254 / -2
    Country:
    China
    Location:
    Taiwan, Province Of China
    Japanese, Korean and German automakers are gaining greater foothold at the cost of US manufacturers. Of course, local brands are also increasing market share (reaching about 50% of the total).

    I wonder what else remains for the US if its automakers suffer in the world's largest market for automobiles (and growing).
     
    • Thanks Thanks x 5
  3. qwerrty

    qwerrty SENIOR MEMBER

    Messages:
    2,540
    Joined:
    May 12, 2010
    Ratings:
    +0 / 5,741 / -9
    but..but..but..it's supposed to be 'china's loss is america's gain' :D
     
    • Thanks Thanks x 5
  4. TaiShang

    TaiShang ELITE MEMBER

    Messages:
    21,039
    Joined:
    Apr 30, 2014
    Ratings:
    +69 / 77,254 / -2
    Country:
    China
    Location:
    Taiwan, Province Of China
    The US is losing (except some advanced technologies it still has control on albeit not exclusively) because of others' rising, I believe. Their cars, for example, are losing markets not because they are treated unfairly, but because they are sub-par in quality as compared to many other brands from other (few) countries, now China joining the gang.

    In this sense, even China's opening up will not help them much because there will be competition. I do not know how a US auto brand an compete a Japan auto brand. Not in this world. Therefore, the US not only seeking exceptions, but also privileges, which they won't be given.
     
    • Thanks Thanks x 5
  5. Kiss_of_the_Dragon

    Kiss_of_the_Dragon ELITE MEMBER

    Messages:
    10,121
    Joined:
    Aug 20, 2011
    Ratings:
    +11 / 17,156 / -0
    Country:
    China
    Location:
    China
    Once this trade war is over, American corporations will have the hard time to recover their market share in China, most of their Chinese customers are already shift toward their competitors, they will have to start over from zero on their marketing to regain Chinese customer's trust on US's brand.
     
    • Thanks Thanks x 5
  6. TaiShang

    TaiShang ELITE MEMBER

    Messages:
    21,039
    Joined:
    Apr 30, 2014
    Ratings:
    +69 / 77,254 / -2
    Country:
    China
    Location:
    Taiwan, Province Of China

    The US has been effectively alienating world's largest markets for lots of commodities and goods. NICE!

    :enjoy:
     
    • Thanks Thanks x 1
  7. Viet

    Viet ELITE MEMBER

    Messages:
    16,338
    Joined:
    Jun 18, 2012
    Ratings:
    +2 / 13,427 / -2
    Country:
    Viet Nam
    Location:
    Germany
    the US leads in technology in many fields as software, hardware, aviation, military, aerospace, in general hightech and innovation, no country comes close. if you don´t buy, it is your problem.
    ford mustang. I see a sizeable number of them runs on US roads.

    [​IMG]
     
  8. AViet

    AViet FULL MEMBER

    Messages:
    878
    Joined:
    Dec 11, 2009
    Ratings:
    +0 / 1,793 / -0
    Country:
    Viet Nam
    Location:
    Korea, Republic Of
    Let's continue to chant "the US is leading in everything and no one can catch up, even in 1000 years". I believe this will make your life (and Indian as well) feel better.
     
    • Thanks Thanks x 6
  9. TaiShang

    TaiShang ELITE MEMBER

    Messages:
    21,039
    Joined:
    Apr 30, 2014
    Ratings:
    +69 / 77,254 / -2
    Country:
    China
    Location:
    Taiwan, Province Of China
    In foreign markets, other global brands are slaying US auto brands. Even in the US market, home brands' share is smaller than what China's home brands hold in China market. This is despite the fact that China market is more crowded by foreign brands than the US market. For instance, no Renault in US market.
     
  10. Viet

    Viet ELITE MEMBER

    Messages:
    16,338
    Joined:
    Jun 18, 2012
    Ratings:
    +2 / 13,427 / -2
    Country:
    Viet Nam
    Location:
    Germany
    have I told car industry is one of US strengths? no french neither chinese cars on US roads. most brands come from Japan, Germany and Korea. in that order. I notice US brands selling well with Ford mustang and GMC.
     
  11. Kai Liu

    Kai Liu FULL MEMBER

    Messages:
    831
    Joined:
    Jan 12, 2015
    Ratings:
    +3 / 2,456 / -2
    Country:
    China
    Location:
    China
    American car companies are dying... Detroit has became a real ghost town!
    America's industry is falling, first home appliances like refrigerators, wash machines, microwave, etc... (You can still find vintage refrigerators and microwaves made by GE in some old apartments, full of history...), then is the phones and PCs: market share are gradually grabbed by Chinese companies; the next will be cars, this will happen in the next 2 decades, as they won't be able to compete with our much more affordable EVs and car batteries (see how we destroyed their solar panel manufacturers.). The CPU and some high-end chips are the last straw held by americans now, but it will also be circumvented by quantum computing, etc: PCs or phones in the future will need no individual CPU, but just work as terminals or clients of a supercomputer (check how fast is our super computer using indigenous CPUs)...
    America and Trump is desperate, but it is already toooo late for them to contain China now!
     
    Last edited: Jul 16, 2018 at 6:52 PM
    • Thanks Thanks x 2
  12. nang2

    nang2 SENIOR MEMBER

    Messages:
    2,730
    Joined:
    Dec 14, 2015
    Ratings:
    +3 / 2,969 / -1
    Country:
    China
    Location:
    United States
    Businessmen are probably the most agile people on the planet. They react to any changes swiftly.
     
  13. The Accountant

    The Accountant SENIOR MEMBER

    Messages:
    3,197
    Joined:
    Aug 13, 2016
    Ratings:
    +6 / 2,867 / -0
    Country:
    Pakistan
    Location:
    Pakistan
    Yup but China is catching up fast to stop reliance on US tech product and US is helping China in achieving the target ...
     
  14. Viet

    Viet ELITE MEMBER

    Messages:
    16,338
    Joined:
    Jun 18, 2012
    Ratings:
    +2 / 13,427 / -2
    Country:
    Viet Nam
    Location:
    Germany
    Chinese and quantum stuff. More nonsense than reality. I have yet to see anyone can explain how a computer works based on quantum theory. The idea of a central computer and remote terminals is not new. In fact it goes back to the old days of IBM. Chinese hightech and electronics exports base completely on western technologies. If removed, you can’t export anything except garments, shoes and hats.

    CPU will stay. It’s more a evolutionary process from simple to complex architecture than RISC then ARM and who knows what comes next.
     
  15. Kai Liu

    Kai Liu FULL MEMBER

    Messages:
    831
    Joined:
    Jan 12, 2015
    Ratings:
    +3 / 2,456 / -2
    Country:
    China
    Location:
    China
    You thoughts are so obsolete. No wonder vn is such a backward jungle...
    With the ever increasing internet speed, you really just need a terminal machine in the future, no cpu, no hard disk, no android, or whatsoever...
    Western technology, Lol... The west is on the decline... I don't have to debate with someone from a backward jungle who knows nothing about what we are doing which makes Trump so desperate...
    Trump knows better than you nobody: a desperate Trump already told everyone China is killing America's industry: low end first, high-tech now...
     
    • Thanks Thanks x 4