Unexpectedly Intriguing!
August 8, 2019

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.

Combined Value of U.S. Exports to China and Imports from China, January 2008 - June 2019

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.


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