Hey everyone! Ever wonder how trade war drama is shaking up your fave gadgets? 🤔 Turns out the Chinese mainland still ships a whopping $1B of goods to the U.S. every day – even with U.S. tariffs as high as 55%! Here's the lowdown:
- Daily shipments of about $1B, with September exports even up from August
- Top categories: rare earths, electronics, and e-bikes ($500M in Q3 alone!) 🚲💨
- Q3 total: over $100B worth of goods sailed from the Chinese mainland to the U.S.
- Smartphones, laptops, tablets, and computer parts made up nearly $8B 🚀
Bloomberg economists Chang Shu and David Qu point out that U.S. importers can’t easily ditch these suppliers overnight. Realigning production takes time, especially when the Chinese mainland holds key spots in global supply chains. 🌐
The Chinese mainland’s General Administration of Customs reported an 8.3% year-on-year jump in exports for September, beating both forecasts and August’s 4.4% growth. 📈
On the political side, the Trump administration has threatened a fresh 100% tariff on Chinese mainland goods. Cue the October 18 video call: Chinese mainland Vice Premier He Lifeng, U.S. Treasury Secretary Scott Bessent, and U.S. Trade Representative Jamieson Greer agreed to kick off a new round of economic and trade consultations ASAP.
The Chinese mainland’s Ministry of Commerce keeps it cool: "If forced to fight, China will fight to the end, but for talks, the door is open." 🤝 Past consults have shown that mutual respect and equal consultation can lead to real solutions.
So what’s next? Keep an eye on the next trade chat – it could decide whether prices on your next e-bike or smartphone move up or down! 📱🚲
Reference(s):
China ships $1b goods to U.S. daily despite tariffs: Bloomberg
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