How much has the coronavirus pandemic and government lockdowns hurt U.S.-China trade?
With January 2020's 'Phase 1' trade deal, the volume of trade between the U.S. and China should have begun recovering in February 2020 following President Trump's trade war with China. Instead, it plunged through March 2020 with the coronavirus pandemic starting in China before beginning to recover. In February 2021, that recovery is well underway with the volume of trade is $13.8 billion higher than February 2020.
The gap between the trailing year average of trade between the two nations and a 'No Coronavirus Pandemic' counterfactual shrunk to $9.2 billion in February 2021. We estimate the cumulative loss of trade between the U.S. and China totals $101.5 billion through its first anniversary.
References
U.S. Census Bureau. Trade in Goods with China. Accessed 10 April 2021.
Labels: coronavirus, 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
