I think our supply chain from China was front-loaded for several months, expecting higher tariffs now. They were already scheduled to start
Now they have paused, temporarily.
Because a LOT was ordered ahead of time.
However, we are not selling anywhere near, what we did before this year, to China. Our EXPORTS to China are way down.
At least, they (appear) way down, thus far.
Not sure if they really are. Could be bought by some other place, for China.
“Our EXPORTS to China are way down.”
The opposite of reality.
From the article:
“a 28.2 percent decrease in its goods deficit with China as exports to the nation surged.”
“Exports to China rose $1.6 billion”
As long as exports are more than or rise faster than imports...it’s good
This is about the trade imbalance that is bleeding our nation
I guarantee this is why Little Rocket Man is making waves again. The Norks are the only card the Chinese have left to play. I’m sure Trump will double down on both of these countries. I assume they will fold simultaneously.