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But the US has a trade surplus over China in Services exports into China. Presumably those will get tariffed. Also, US made products that relied on chinese int
by NTDF9 8y ago
But the US has a trade surplus over China in Services exports into China. Presumably those will get tariffed.
Also, US made products that relied on chinese intermediate products will go up in price, passed on to consumers.
Those same US products will not be export competitive in other countries (because input costs increased with tariffs) and thus China can now export to places that US used to export to.
Trade is not that simple and usually needs negotiations to be win-win.
- WillPostForFood 8y agoIn 2017 the US had a $40 billion trade surplus in services, and a $375 billion trade deficit in goods.
- cinquemb 8y ago"Goods exports totaled $129.9 billion; goods imports totaled $505.5 billion. The U.S. goods trade deficit with China was $375.6 billion in 2017." "Trade in services with China (exports and imports) totaled an estimated $75.0 billion in 2017. Services exports were $57.6 billion; services imports were $17.4 billion. The U.S. services trade surplus with China was $40.2 billion in 2017."[0] Seems to be an order of magnitude of difference, setting aside possible tariff rates. [0] https://ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china https://ustr.gov/countries-regions/china-mongolia-taiwan/peo...
- NTDF9 8y agoAnd after the tariffs what do you expect will happen to goods and services going from the US to China?
- cinquemb 8y agoI expect prices to go up (across the board on such goods) in China, and US companies who are more price sensitive will get hit harder on their upcoming 10k's than others, predictably.