China has partially paid for exporting the United States

In April, exports to China rose more than expected, despite a sharp collapse in supplies in the United States by 21%. Bloomberg reported this Friday, May 9.

According to China’s customs service, delivery to the United States fell 21% compared to last year after the introduction of duties in early April. Due to China’s glass duties in American merchandise, imports from the United States have been reduced by almost 14%.

However, Chinese companies have managed to compensate for losses due to the growth of sales in other markets: the total export has grown by 8.1% – more than economists, though less than March (more than 12%).

Delivers in India and 10 Southeast Asian countries (ASEAN) have grown more than 20%, and exports to the EU – by 8%. Importing is generally reduced a second time in a row – by 0.2%, generated by a trade balance of $ 96 billion.

On Saturday, May 10, trade negotiations between the United States and China should take place. Experts expect the parties to be consistent with the reduction of duties.

According to resources, the United States strives in the first phase to reduce duties to a level below 60% – and believes that China can be answered together. If the development is reached in two days of negotiations, a reduction in duties may be introduced next week.

Remember, Chinese manufacturers avoid American duties, which artificially overthrows the cost of goods that come to the United States.

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