USA Trade Balance The US has a deficit of $ 811 billion each year in global trade. However, when only services and services are adde...
USA Trade Balance
The US has a deficit of $ 811 billion each year in global trade.
However, when only services and services are added to this account including
the sale of goods, the trade deficit gives US $ 1.4 trillion trade surplus
aside.
CHINA AND EU IN THE TARGET
According to US President Donald Trump, the US has a deficit of $ 811
billion in foreign trade to the world every year. Washington, against this
deficit, 375 billion dollars against China, while $ 151 billion of the close
allies against the EU. In order to close these gaps,
Trump has introduced additional customs duties on China, EU and NAFTA free trade partners (Canada, Mexico). The US is targeting $ 10 billion in annual revenue from China, with additional taxes on 1300 items. Is the US right in these demands? Is Washington really if stolen ta globally by trade partners in the words of President Trump?
Trump has introduced additional customs duties on China, EU and NAFTA free trade partners (Canada, Mexico). The US is targeting $ 10 billion in annual revenue from China, with additional taxes on 1300 items. Is the US right in these demands? Is Washington really if stolen ta globally by trade partners in the words of President Trump?
DIFFERENCE OF DIGITAL ECONOMICS
According to a German Deutsche Bank survey, the Trump thesis seems to
be justified when the foreign trade account is calculated using only sadece
goods Alman sales. However, when the service and services are added to the
account in foreign trade, the table changes completely.
Accordingly, all revenues from the digital world, especially Google, Facebook, Amazon and Twitter, are added to the account. In terms of service, it is understood that the US financial institutions, especially Wall Street banks, have provided consultancy services and their incomes in the rest of the world. These two titles are not included in Trump's $ 811 billion foreign trade deficit.
Accordingly, all revenues from the digital world, especially Google, Facebook, Amazon and Twitter, are added to the account. In terms of service, it is understood that the US financial institutions, especially Wall Street banks, have provided consultancy services and their incomes in the rest of the world. These two titles are not included in Trump's $ 811 billion foreign trade deficit.
CHINA'S TRADE DEFICIT OF 20 BILLION DOLLARS
When services and services are added to the account, China's US $ 375
billion annual foreign trade surplus is eliminated, turning into a US $ 20
billion trade surplus. As a result of the same account, the EU's trade surplus
of US $ 151 billion from the sale of goods against the US is also a trade
deficit of $ 14.2 billion. US $ 811 billion in total foreign trade deficit in
the US $ 1.4 trillion in favor of the US is turning into a trade surplus.
US China Trade War Changes Balance
In an environment where concerns about global growth became more
evident, China's performance of the indicative economies was closely monitored,
while the effects of the trade war with the US on the Chinese economy began to
manifest.
The foreign trade deficit between the US and China has been reported to
reach a record high in 2018.
According to the data released by the Chinese Ministry of Commerce,
China's foreign trade surplus to the US in 2018 reached a record $ 323.3
billion and set a record.
In 2018, China exported USD 478.4 billion worth of goods and services.
The country's exports to the US increased by 11.3 percent compared to
2017, while imports increased by only 7 percent.
The US President Donald Trump's decision to introduce additional
tariffs for imported technology products from China had a negative impact on
exports in the last quarter of the year. China's exports to the US in December
decreased by 3.5% in December 2018 compared to the same period of the previous
year.
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