China’s exports to the United States tumbled in April while its trade with other economies surged, suggesting that President Donald Trump's tariffs offensive is hastening a shakeup in global supply chains. Total exports from China rose 8.1% last month from a year earlier, much faster than the 2% pace most economists had been expecting. Shipments to the U.S. sank 21% in dollar terms as Trump’s tariffs on most Chinese exports rose to as high as 145%. With Chinese tariffs on U.S. goods at 125%, business between the two biggest economies has grown increasingly uncertain.
the comments/bots on this story are highly refined copium.
claims China is hurting, the stats are rigged, the trade data is fake, doubling down on “making sure nothing comes to the US” types of chants, and my personal favorite: America is the entire planet and nothing can survive without our radioactive demand.
I wonder how many days of shelves emptied of treats and circus machines, how many months delay for building materials, and how widespread price gouging from supply constraints have to get for some these trade isolationists to understand that the value of currency is pegged to what it can buy.
and if we can’t buy shit, it ain’t worth shit.
Claiming that all the data is rigged is my favorite cope.
If the numbers are good for China, that means the government made them look favorable. Real Parenti quote hours.
lol yeah
brb need to commission an oil painting of a boomer in golf gear and MAGA hat standing in the supermarket staring mournfully at an aisle of empty supermarket shelves
I don’t know if it’ll ever sink in. The western press has been framing anti-China stuff as “as bad as things look over here, things over there are always worse!” so they’ll just double down on China having even more lack of goods and struggling even more, just lying about it.