This shouldn’t come as a surprise, it’s the world’s largest economy with a strong manufacturing base. What’s shocking is how fast the surplus has been growing. 2023 saw a surplus of 386 billion, just two years later, and it’s 1.2 trillion. Even the previous peak was only 577 billion in 2022. That’s a massive increase in just a short time.
Trumps policies have forced our buyers to find options elsewhere, and they’ve gone to China. International trade isn’t something that can be brought back on a whim either, it takes years of planning and negotiations.
Pokerhobo on
Thanks to US trade policies, the rest of the world has established new trade partners that no longer depend on the US. And when the current administration is out of office, those new trade agreements don’t revert back to the US. Who would risk dependency on US when a new president can just get out of previous trade agreement and put arbitrary and volatile tariffs on everything? China has its problems, but they are getting stronger out of the “trade war” with the US.
letsgobernie on
Runaway train
Just as in Trump’s first term , Chinese exports and trade surplus with US INCREASED after trade embargoes, so too its exports with higher tariffs this time around.
But hey at least trump can parade around an artificially low trade deficit that also tanks employment and increases prices.
“Doctor, I stopped eating food and it solved my gas problem!”
3 Comments
This shouldn’t come as a surprise, it’s the world’s largest economy with a strong manufacturing base. What’s shocking is how fast the surplus has been growing. 2023 saw a surplus of 386 billion, just two years later, and it’s 1.2 trillion. Even the previous peak was only 577 billion in 2022. That’s a massive increase in just a short time.
Trumps policies have forced our buyers to find options elsewhere, and they’ve gone to China. International trade isn’t something that can be brought back on a whim either, it takes years of planning and negotiations.
Thanks to US trade policies, the rest of the world has established new trade partners that no longer depend on the US. And when the current administration is out of office, those new trade agreements don’t revert back to the US. Who would risk dependency on US when a new president can just get out of previous trade agreement and put arbitrary and volatile tariffs on everything? China has its problems, but they are getting stronger out of the “trade war” with the US.
Runaway train
Just as in Trump’s first term , Chinese exports and trade surplus with US INCREASED after trade embargoes, so too its exports with higher tariffs this time around.
But hey at least trump can parade around an artificially low trade deficit that also tanks employment and increases prices.
“Doctor, I stopped eating food and it solved my gas problem!”
“Yes but youre now malnourished and you’re dying”