China imports from US plunge 31% in June amid tariff war

[sandensea]

China's trade with the United States plunged in June amid a tariff war with Washington over Beijing's technology ambitions that has battered exporters on both sides.

Imports of U.S. goods fell 31.4% from a year earlier to $9.4 billion, while exports to the American market declined 7.8% to $39.3 billion, customs data showed Friday.

China's trade surplus with the United States widened by 3% to $29.9 billion, potentially giving its critics ammunition to demand Washington take a hard line with Beijing.

Presidents Donald Trump and Xi Jinping agreed in June to resume talks on the fight over U.S. complaints about Beijing's trade surplus and plans for government-led development of technology industries.

That helped to calm financial markets but economists say the truce is fragile because the conflicts that caused talks to break down in May persist.

At: https://abcnews.go.com/Business/wireStory/china-imports-us-plunge-june-amid-tariff-war-64286836

Tough guys: Trump and Xi Jinping during the recent Osaka G20 summit.

Trump's trade war will cost the average U.S. household an extra $767 this year, according to trade group estimates.

[KY_EnviroGuy]

1. Going to be a slimmed-down Christmas this year, kiddos.

Enjoying paying those tRump tariffs everyday at Walmart, tRumpsters?

"Our base case remains that trade talks will break down again before long," said Julian Evans-Pritchard of Capital Economics in a report.

Experts say if you mess with China, you will always lose in the long-term.

Trump is a loser..........

[sandensea]

2. Cheeto thought this would create a rah-rah effect for him among right-wingers (who just hate China)

But it's going to wreck his already sinking numbers among the independent/xwing vote - for which pocketbook issues are especially important.

Dems, as you pointed out, MUST drive home the point that these are Trump Tariffs.

Besides being the absolute truth, it's an easy line.

[KY_EnviroGuy]

3. Another easy line....

Trump Concentration Camps.......

Pound it, pound it, pound it home!

[sandensea]

4. +1

Or Trump hotels, as some are calling them.

Same $750 daily price tag, rotten accommodations and poorly trained staff - but the taxpayer picks up the tab.

[at140]

5. What is the occupancy rate at the Trump hotel in DC?

I have to assume people stay there just to gain favor from him.

[sandensea]

6. Good question.

While I'm sure that many of the bookings are legitimate, I don't doubt that not only are many of the guests there to curry favor with His Emolumency, as you pointed out - but that many of the "bookings" are actually fictitious.

A common money laundering practice in other parts of the world (especially Trump's two top foreign backers, Russia and Israel).