Tracking the Trade War: US Car Sales to China Down, Parts From China Up
|A pair of charts by Brad Setser highlight's Trump's difficulty in winning the trade war with China.
Trump says winning trade wars is easy.
Trade War Theory vs Practice
What's supposed to have been "easy" has turned out quite differently.
Record Monthly Deficit
Full Year Trade Imbalance Hits New Record
Please note the US trade deficit with China grows to a record.
- China’s trade surplus with the U.S. — closely watched amid the tariff war between the two countries — grew 17 percent from a year ago to hit $351.76 billion in 2018. [Note this was originally posted as $323.23 billion]
- Exports to the U.S. rose 11.3 percent year on year in 2018, while imports from the U.S. to China rose 0.7 percent over the same period.
- The deficit that the U.S. has with China is likely even bigger than these figures indicate since China calculates the numbers using different methods, sometimes excluding goods that end up in the U.S. via other countries.
Despite a massive global slowdown in autos, auto parts imports keep rising. Note that US Auto Overcapacity is 10 Plants with 20,000 direct jobs on the line.
Amid talk of the greatest trade deal ever, President Trump will likely sign a deal with China by March. It won't solve much, if anything.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.