It’s Yuan vs. Duties as China Sets Scene for American Tariff War Impact — Panjiva


It’s Yuan vs. Duties as China Sets Scene for American Tariff War Impact

China 1758 Tariffs 1169 Trade Balance 657 U.S. 3297

The Chinese government has published early June trade figures showing a 4% increase in exports to the U.S. That comes shortly ahead of the bilateral implementation of $34 billion of duties by both countries on July 6 and is already a slowdown in growth from 12% seen in May and 13% in the prior three months. It leaves the past 12 months exports to America at $454 billion, so the current round of duties only affects 8% of Chinese exports. One potential offset comes from the weakening yuan which is now 6% below its February peak, making Chinese exports cheaper in comparison and offsetting p...

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