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China on Friday reported worse than expected trade data for the month of February, customs data showed amid Beijing’s trade dispute with the U.S.
February dollar-denominated exports fell 20.7 percent, compared to an expected 4.8 percent fall.
February dollar-denominated imports fell 5.2 percent, compared to an expected 1.4 percent fall.
China’s overall trade surplus for the month came to $4.12 billion — much weaker than an expected $26.38 billion.
originally posted by: toysforadults
The China trade war is really heating up, China is feeling the pressure. This is probably why they start printing money.
China on Friday reported worse than expected trade data for the month of February, customs data showed amid Beijing’s trade dispute with the U.S.
February dollar-denominated exports fell 20.7 percent, compared to an expected 4.8 percent fall.
February dollar-denominated imports fell 5.2 percent, compared to an expected 1.4 percent fall.
China’s overall trade surplus for the month came to $4.12 billion — much weaker than an expected $26.38 billion.
Expect major market volatility. Personally I think news of an actual trade deal with put us back into bull market territory (for a short period of time).
Keep your eye on this because this is going to hit our markets and probably hard. See what happens Monday.
I don't have anything else to add other than tracking this issue.
originally posted by: projectvxn
Coupled with this forensic report on just how much of a paper tiger China really is and we have a recipe for a serious downturn....In China. If Trump keeps up the fight, we will crush them economically.
They did this to themselves.
This is probably why they start printing money.
originally posted by: projectvxn
Coupled with this forensic report on just how much of a paper tiger China really is and we have a recipe for a serious downturn....In China. If Trump keeps up the fight, we will crush them economically.
They did this to themselves.
majority of all products are Chinese
It feels like everything we buy comes from China. In fact, less than 3 percent of personal spending in the U.S. goes to China, according to a new report from the SF Fed.
That's partly because most personal spending goes to things like health care and housing that are, by definition, produced in the U.S.