The impact of Trump’s tariff appeared on China, the speed of export slowed in August; Just 4.4 percent growth

China expert growth slows: China’s export has increased in the month of August, but its growth has been slower than before. In August, China’s exports reached $ 321.8 billion, which is 4.4 percent more than last year. However, this is less than the export growth of 7.2 percent in July. Meanwhile, the import was $ 219.5 billion, which reflects a 1.8 percent lead.

Business surplus issue between China and America

China’s trade surplus with major trading partners like the US and European Union has become a controversial issue. Trade surplus means to benefit one country in business between two countries. Suppose the US remains in a business state in business between India and America. That is, America is benefiting more. Here, consumers are benefiting from low -cost sugar imports, but this can cause jobs in the manufacturing sector.

In this way, the business of both countries is affecting

According to monthly customs data, in the first eight months of the year, China exported $ 785.3 billion more items than imports from other countries. After Donald Trump became President in January this year, he imposed a 30 percent tariff on China. At present, talks are going on between the two countries regarding the trade agreement. The possibility of putting tariffs on each other and increasing it is affecting both types of business.

In August, America’s exports to China declined by 33 percent to $ 47.3 billion, while its imports from the US declined by 16 percent to $ 13.4 billion. At the same time, China’s exports for the European Union increased by 10.4 percent to $ 46.8 billion, while the imports fell slightly to $ 22.8 billion. Overall, the growth of China’s exports between January and February has been the slowest. During this time, only 2.3 percent has increased in it. The export of Rare Earth from China increased to $ 55 million in August, which was $ 41 million in July, but it is 25.6 percent less than this month last year.

Also read:

Gautam Adani’s company deal with the neighboring country became rockets, so much in a stroke