Author Topic: China's imports from the US plunge 31%  (Read 587 times)

ergophobe

  • Inner Core
  • Hero Member
  • *
  • Posts: 5145
    • View Profile
China's imports from the US plunge 31%
« on: July 13, 2019, 01:23:29 AM »
https://apnews.com/4afbfcaa2df3405b8257ad9502609886

Quote
Chinese 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, according to Chinese customs data. China’s trade surplus with the United States widened by 3% to $29.9 billion.

Mackin USA

  • Inner Core
  • Hero Member
  • *
  • Posts: 2673
  • Abstract Artist
    • View Profile
Re: China's imports from the US plunge 31%
« Reply #1 on: July 13, 2019, 09:28:05 AM »
Mr. Mackin

Rupert

  • Inner Core
  • Hero Member
  • *
  • Posts: 2452
  • George in a previous life.
    • View Profile
    • SuitsMen
Re: China's imports from the US plunge 31%
« Reply #2 on: July 13, 2019, 12:45:40 PM »
Can you feel it?  does it make a difference?
... Make sure you live before you die.

rcjordan

  • I'm consulting the authorities on the subject
  • Global Moderator
  • Hero Member
  • *****
  • Posts: 8680
  • Debbie says...
    • View Profile
Re: China's imports from the US plunge 31%
« Reply #3 on: July 13, 2019, 01:12:54 PM »
>Can you feel it?

Yeah, on big-ticket items like laminate flooring & ceramic tiles, prices are up 25%.

**Updated 5/7/19 information on announced import tariffs | American Floors & Blinds News
https://american-drapery.com/news/important-information-on-proposed-import-tariffs/

ergophobe

  • Inner Core
  • Hero Member
  • *
  • Posts: 5145
    • View Profile
Re: China's imports from the US plunge 31%
« Reply #4 on: July 13, 2019, 05:01:14 PM »
I do think there's a lag time though. The average consumer doesn't think "Wow, tariffs have made those window treatments real expensive!" Most of us do not price them but every 10 (or, in the case of your truly, possibly never, but shopping for them currently).

But I would think people who operate at scale are starting to see more and more consumers balk at prices that are 15% higher than a bit ago. It's like the "guess the weight of a cow" problem - experts are terrible at it, but if you ask 4,000 people to guess, you get really close. But none of those people actually know much if anything about the weight of a cow.