On the first anniversary of the Sino-US trade war, the specific export losses of the two countries were disclosed


The Sino-US trade war celebrates its anniversary on July 6, 2019. According to foreign media reports, as of the end of April this year, China and the United States have launched three rounds of tariff sanctions on each other's exports of commodities. The volume of export trade between the two countries has declined significantly compared with that before the tariff sanctions were launched. Data show that up to now, China's exports to the United States have decreased by 18 billion U.S. dollars, a decline of 14%, accounting for about 3% of the total annual trade volume of exports to the United States; U.S. exports to China have shrunk by 23 billion U.S. dollars, a decline of 38%, equivalent to 15% of the total annual export volume to China.


According to data released last month by the General Administration of Customs, China's total trade with the United States in the first five months of this year dropped 14.5% annually, accounting for 11.7% of the total national trade, a decrease of 1.8% over the same period last year; as imports from the United States fell more than exports to the United States, China's trade surplus with the United States expanded to $11.05 billion annually. Increase by 5.4%.


With the Sino-US leaders meeting in Osaka, Sino-US trade negotiations were restarted, and the fourth round of tariff war was temporarily stalled. However, Trump appealed to China to make concessions on July 1, saying that "no five-point deal can be concluded with China, and the deal must be in the interest of the United States". China still advocates "equality" and resolutely refuses to accept unequal agreements. Negotiations between China and the United States remain difficult. Although Trump's government insists on reaching an agreement with China that is "in the interest of the United States", many voices have emerged in the American industry demanding that the government stop its trade war with China and repair its relations with China.


From Wechat Public Signal Silicone