China sales to US slump even as exports beat forecasts amid trade war | Metals Mine

  • China sales to US slump even as exports beat forecasts amid trade war

    From channelnewsasia.com

    China on Friday (May 9) said sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. Trade between the world's two largest economies has nearly skidded to a halt since US President Donald Trump imposed various rounds of levies on China that began as retaliation for Beijing's alleged role in a devastating fentanyl crisis. Tariffs on many Chinese products now reach as high as 145 per cent - with cumulative duties on some goods soaring to a staggering 245 per cent. Beijing has responded with 125 per cent tariffs on imports ... (full story)

Comment Options
Vancarbon
May 9, 2025 3:23am
Permalink
Quoting chemosi
Something to keep in mind... "Beijing Stops Publishing "Hundreds Of Statistics" To Cover Up Economic Collapse" https://www.zerohedge.com/markets/be...nomic-collapse ""the fact that any marginal pain will be amplified as trade war weakness will mean that Beijing will do everything in its power to prevent the full extent of the shutdowns from being revealed.""
It’ll affect both sides. I really am sceptical about most government statistics , irrespective of their political views .

“Lies , damn lies and statistics “

I’ll need to sail from Blighty first ffg . I can recommend the Portuguese wine, pork and eggs , second to none , having lived there. The shops will be running low on inventories soon, so as daft as it might seem, might not be a bad idea to stock pile .
Reply
Vancarbon
May 9, 2025 3:32am
Permalink
Whilst we’re at it . There’s zero chance of a resolution between the US and China this weekend . How it’s spun though is what will decide the risk mode .

I envisage the market trading between key levels for months , 5520 S&P - to 5720 Liberation Day announcement , unless something dramatic happens- Donald opening his mouth again without engaging said brain or a similar unaccounted for event.

I think it’ll be whipsawed quite quickly between the two levels to create liquidity on both sides . Only my humble opinion
Reply
ffghost
May 9, 2025 2:01am
Permalink
Quoting Vancarbon
The flip side is that US inventories will be diminishing at a similar rate . It’s affecting the US economy just as much.
We may need to start importing from France. Quick, stock up on a few container ships full of goods and get those to a US port! Just make sure the ship itself was not made in China (we now charge extra for those apparently).
Reply
chemosi
May 9, 2025 2:00am
Permalink
Something to keep in mind...

"Beijing Stops Publishing "Hundreds Of Statistics" To Cover Up Economic Collapse"
https://www.zerohedge.com/markets/be...nomic-collapse
""the fact that any marginal pain will be amplified as trade war weakness will mean that Beijing will do everything in its power to prevent the full extent of the shutdowns from being revealed.""
Reply
Vancarbon
May 9, 2025 1:32am
Permalink
The flip side is that US inventories will be diminishing at a similar rate . It’s affecting the US economy just as much.
Reply
Trader#BBA2
May 9, 2025 2:20am
Permalink
Hahahaha US inventory will be affected …. Do you think Trump will care much …. Lolzzzz zZzzz
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats