This is what 30 years of China trumping the U.S. on trade looks like

https://i2.wp.com/ei.marketwatch.com//Multimedia/2016/03/23/Photos/NS/MW-EI560_finalg_20160323102302_NS.gif

 

By 2015, the trade imbalance ballooned to $365.7 billion in China’s favor. That not only notched a record level for U.S.-China trade but also an all-time high for any bilateral trade ever, as well.

Cost-estimating website HowMuch.net crunched the numbers and used this animated graphic to show how it exploded over those three decades.

“Watch America’s exports to China progress in fits and starts – even reverting to ‘negative growth’ on five occasions: in 1986, 1990, 1999, 2009 and 2015,” wrote Raul Amoros, HowMuch.net’s content director. “Perhaps this time next year it will be illegal to disagree with Donald J. Trump. But that doesn’t mean everything he says now is wrong.”

“Are there any glimmers of hope for the American side?” Amoros asked. “Well, yes. At least China’s exports aren’t increasing as fast as they were a few years back.”

Full article: This is what 30 years of China trumping the U.S. on trade looks like (Market Watch)

Comments are closed.