November 21, 2016

Value Of Chinese Imports To The US In 2015

   November 21, 2016

Value Of Chinese Imports To The US In 2015

Value_Of_Chinese_Imports_To_The_US_In_2015_Import_Value_(In_Bn)_TMMChart.png

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Editor’s Remarks:
The trade relationship between the US and China is under constant dispute these days as more details of the Trump administration emerge. The Republican president-elect is hoping to slap a 45% tariff on imports from China in order to provide a boost to the domestic manufacturing economy. China produces many of the goods for the US markets that can be easily made on American soil – the best example of which is smartphones. With his lower tax rates Trump could and should be able to bring back companies, such as Apple, to the US and create more jobs that have previously gone overseas. What is also interesting is that the actual value of trade between the US and China could be somewhat inflated. For example, the actual cost of making a smartphone is low but the price of a smartphone is very high, therefore making the value of the commodity appear higher.

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