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To: babble-on
Chinese purchases of US goods are declining nearly to zero.

You are babbling incoherently. Try traveling to China sometime. Those who can afford Western goods do so as status symbols. A 5% increase in any price of any status symbol will never stop a purchaser from buying it.

China is #3 of all nations we export goods to. Canada ($300bn) and Mexico ($260bn) are at the top, then China at $120bn, and 4th is Japan at only $75bn. (India is 9th at $33bn.)

The top US export categories to China in 2018 were: aircraft (($18 billion), machinery ($14 billion), electrical machinery ($13 billion), optical and medical instruments ($9.8 billion), and vehicles ($9.4 billion).

U.S. total exports of agricultural products to China totaled $9.3 billion in 2018, our 4th largest agricultural export market. Leading domestic export categories include: soybeans ($3.1 billion), cotton ($924 million), hides & skins ($607 million), pork & pork products ($571 million), and coarse grains (ex. corn) ($530 million).

Please, do let us know which of those people will stop being if they are 5% more expensive.

23 posted on 08/29/2019 11:32:17 AM PDT by Teacher317 (We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men)
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To: Teacher317

Hey dingleberry, Chinese ag imports from the USA are down 70% year on year since the idiot-mitten tariffs went on.


30 posted on 08/29/2019 12:04:56 PM PDT by babble-on ("moderation is best in all things" - Hesiod)
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