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"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 ser
by 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.