The United States lost the trade war Trump started with China

[dbc]

That still doesn't answer the question of whether US surplus against the world decreased?

because US exports declined 16% in 2020 due to COVID.

 

[Yongpeng Sun-Tastaufen]

because US exports declined 16% in 2020 due to COVID.

There is no evidence covid affects economy.

 

[Globenim]

Chinese growth exceeding expectations
Chinese export boom.
Chinese FDI boom.
Chinese U.S. trade deficit at a record.
Skilled labour moving from all over Asia and Americas to China.
Stealing Chinese jobs for the U.S. failed.
Crippling Chinese industries failed.
Isolating China failed.
Economically and socially crippled, bad and dirty debt riddled, infrastructure crumbling, barely recession dodging, investment and skilled labour flight facing U.S. still buying their hotly demanded Chinese products with a Made in Vietnam sticker, where Chinas exports have been booming due to Americas "successful boycots".

Conclusion:
USA wins trade war! You just dont understand!!! If you move the goalpost down a few notches below ground America got what it wanted.

 

[Globenim]

US overall trade delined last year, with every country, a clear sign of US declining, China was the only major economy to have grown in 2020. Exports rose 3.6% .

US...

U.S. trade deficit hits record high in 2020: The Biden administration must prioritize rebuilding domestic manufacturing

The U.S. Census Bureau reported recently that the U.S. goods trade deficit reached a record of $915.8 billion in 2020, an increase of $51.5 billion (6.0%). The broader goods and services deficit reached $678.7 billion in 2020, an increase of $101.9 billion (17.7%). The U.S. goods trade deficit...

www.epi.org

"Although the U.S. trade deficit with China fell by $34.4 million (10.0%) in 2020, China’s total trade surplus with the world increased 27% in 2020 to $535 billion"

Dont let the facts get in the way of selfappointed "economists" and "expert" opinions

 

[Han Patriot]

because US exports declined 16% in 2020 due to COVID.

However Chinese trade increased. Hmmmmmmm. Lolol

 

[dbc]

However Chinese trade increased. Hmmmmmmm. Lolol

Yes but remember when ONE five Dollar 3M ‘made in China‘ mask is sold in the US ...China is credited with 5$ in exports but in reality China has made only 30 cents in real earnings. The bulk of the profit remains in the US. Trade surplus or deficit only measure the worth of goods being exported or imported it is not a reflection of true earnings to China or true cost to the US.

Tariffs are eating into margins and so many businesses are relocating US production to factories outside China. The EU is now getting in on the action, it’s a good way to raise government income.
As I said earlier the US Government made 66 billion $ in Chinese trade tariff.

Of course all of the above is only applicable to Western brands. Only exports of Chinese brands brings real value to China.

EU Challenges China’s Trade Expansion With Landmark Tariff

The European Union fired a warning shot at China over its global trade ambitions with an unprecedented tariff decision to counter Chinese subsidies to exporters.

www.bloomberg.com

 

[Yongpeng Sun-Tastaufen]

Of course all of the above is only applicable to Western brands. Only exports of Chinese brands brings real value to China.

Brands don't mean much in this day and age of global village. Take the iconic Motorola. It is now a subsidiary of Lenovo. Who knows. Maybe in 20 years Lenovo would be owned by some other company.

 

[Han Patriot]

Yes but remember when ONE five Dollar 3M ‘made in China‘ mask is sold in the US ...China is credited with 5$ in exports but in reality China has made only 30 cents in real earnings. The bulk of the profit remains in the US. Trade surplus or deficit only measure the worth of goods being exported or imported it is not a reflection of true earnings to China or true cost to the US.

Tariffs are eating into margins and so many businesses are relocating US production to factories outside China. The EU is now getting in on the action, it’s a good way to raise government income.
As I said earlier the US Government made 66 billion $ in Chinese trade tariff.

Of course all of the above is only applicable to Western brands. Only exports of Chinese brands brings real value to China.

EU Challenges China’s Trade Expansion With Landmark Tariff

The European Union fired a warning shot at China over its global trade ambitions with an unprecedented tariff decision to counter Chinese subsidies to exporters.

www.bloomberg.com

You have got a point there, but have you checked the Cad recently, 3M might have 4$ of that export value but Chinese companies own 3M shares too. You get how it goes?

 

[dbc]

You have got a point there, but have you checked the Cad recently, 3M might have 4$ of that export value but Chinese companies own 3M shares too. You get how it goes?

last I checked 3M pays dividends in US dollars in the United States. How does it matter if some Chinese firms or individuals own 3M shares?

 

[Han Patriot]

last I checked 3M pays dividends in US dollars in the United States. How does it matter if some Chinese firms or individuals own 3M shares?

Apparently you don't understand the flow of capital. The ownership and profit for a company can flow anywhere. What matter is the industrial base. US still needs to import Chinese mask regardless of whtehr its 3M.thats power

 

[hualushui]

The US won！