In June 2019, the gap between the pre-trade war trend and the trailing twelve month average of the value of goods exchanged between the U.S. and China expanded to $9.4 billion, a difference of 15.4% from the pre-trade war projection to the recorded level of direct trade between the two nations.
Most of this growing gap may be attributed to the cumulative impact of China's effective boycott on U.S.-produced agricultural goods, which to date, has primarily been achieved through retaliatory tariffs on U.S.-grown crops, such as soybeans. On Monday, 5 August 2019 however, China's leaders confirmed they will fully suspend all new purchases of U.S. agricultural products, tightening their boycott of these goods.
Since the U.S.-China trade war began in March 2018, the cumulative total loss of direct trade between the two nations has grown to $52.8 billion. This figure now exceeds the trailing year average level of U.S.-China trade, which totaled $51.4 billion in June 2019.
References
U.S. Census Bureau. Trade in Goods with China. Accessed 2 August 2019.
Labels: trade
Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
ironman at politicalcalculations
Thanks in advance!
Closing values for previous trading day.
This site is primarily powered by:
CSS Validation
RSS Site Feed
JavaScript
The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.
Other Cool Resources
Blog Roll
