Chinese goods destined for the US are increasing on a record scale, with major companies shipping goods back and forth between the two countries to avoid the effects of the expected tariffs on Chinese goods worth hundreds of billions.<\/p>\n
Although trade tensions between Washington and Beijing have increased, they have not hurt China’s trade economy, according to the economic data released in China in August and the first week of September. China’s trade grew by 12.8% year-on-year in August in terms of the Chinese yuan value, which reached 12.5% \u200b\u200bin July.<\/p>\n
China’s overseas exports expanded by 9.9%, which exceeded market expectations and analysts by 7.9%.<\/p>\n
In terms of production, semiconductors continued to be the main driver, although the 15.7%, expansion was less than 29.1% in the last three quarters. Apparel rose 1.1 percent, shoe exports lost 1.6 percent, and the Chinese toy market recovered and rose 3.9 percent as the Christmas season is expected in just three months.<\/p>\n
US tariffs have had an impact on Chinese steel and aluminum exports, which reached 11 percent for steel and 33 percent for aluminum earlier this year. The PC components industry, one of China\u2019s most important exports, was on the list of Chinese goods worth $200 billion, which will benefit under US tax tariffs. However, it still rose 6.8% according to data from China.<\/p>\n
The overall trade between China and the United States rose by 18.5%. This rise in exports means China’s trade surplus hit a record $31 billion in August and $301 billion in 2018 so far.<\/p>\n
The biggest reason for the increase in China’s exports to the United States is that major companies worried about the new $200 billion tariffs are shipping orders ahead of time. At the same time, the administration of US President Trump announced that it is considering imposing new tariffs, but has not announced the start date, which usually takes a month before it is officially issued.<\/p>\n
President Donald Trump has threatened to expand the list of goods to be taxed if China retaliates again.<\/p>\n","protected":false},"excerpt":{"rendered":"
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