China has replaced a lot of lost trade and is exporting less to America

The value of Chinese exports to the US in the first six months of 2025 were down 11% on the same period in 2024.

Meanwhile, Chinese exports to some of its other trading partners have grown, suggesting Chinese firms have been able to find customers in other countries.

China's exports to India this year are up 14% on the same period last year and with the EU and the UK they are up 7% and 8% respectively.

Also notable is a 13% increase in the value of Chinese exports to the ASEAN nations, which include Vietnam, Thailand, Indonesia and Malaysia, over that period.

 

The UK and India have signed a trade deal that they were negotiating for three years.

Norway, Iceland, Switzerland and Liechtenstein - who are in a grouping called the European Free Trade Association (EFTA) - have concluded a new trade deal with a number of Latin American countries in a grouping known as Mercosur.

The EU is pushing ahead with a new trade deal with Indonesia.

Canada is exploring a free trade agreement with ASEAN.

Some countries have also taken advantage of the fracturing of trade between the US and China.

China has traditionally been a significant global importer of soybeans from the US, which it uses as fodder for its 440 million pigs.

But in recent years Beijing has been increasingly shifting towards buying its soybeans from Brazil, rather than America, a trend analysts argue has accelerated as a result of Donald Trump's latest trade war and Beijing's new retaliatory tariffs on US agricultural imports.

 

A widening of the US trade deficit

Donald Trump regards bilateral trade deficits as evidence that other countries are taking advantage of the US by selling more goods to America than they buy from it.

One of the justifications for his tariffs is to address that imbalance by curbing imports and forcing other countries to lower their own barriers to US goods.

However, one of the standout impacts of Donald Trump's trade war, so far, has been to increase US goods imports.

This is because US firms stockpiled supplies in advance of tariffs being implemented to avoid being forced to pay the additional tax.

Meanwhile, US exports have seen only a modest increase.

The net result is that the US goods trade deficit has widened, not fallen.

It reached a record $162bn in March 2025

 

 

https://www.bbc.com/news/articles/cr5rm7v5166o

BBC, yea right.  Only idiots trust that source.

"China has replaced a lot of lost trade and is exporting less to America..."

 

So, it seems to be working. 

 

And they say "America", and the United States specifically, so it could be that China's transshipments through Mexico and Canada have been reduced. 

AFAIK, trump tariffs do not go into effect until tomorrow, August 1, 2025, unless he's TACOed again.

 

Yes, trump's mixed messages on tariffs - on/off, up/down, immigration, fentanyl, national security, trade imbalance - haven't so much backfired, rather they've caused too much uncertainty and volatility.

 

 

1 hour ago, pmarlin said:

BBC, yea right.  Only idiots trust that source.

 

You're welcome to counter the BBC source with one of your own.....

1 minute ago, JBChiangRai said:

 

You're welcome to counter the BBC source with one of your own.....

 

 

You just know the answer is going to be Fox News, Youtube, Tik Tok and a guy that I know.

1 hour ago, pmarlin said:

BBC, yea right.  Only idiots trust that source.

BBC, yea right.  Only idiots trust that source for unbiased factual reports.

24 minutes ago, bamnutsak said:

AFAIK, trump tariffs do not go into effect until tomorrow, August 1, 2025, unless he's TACOed again.

 

Yes, trump's mixed messages on tariffs - on/off, up/down, immigration, fentanyl, national security, trade imbalance - haven't so much backfired, rather they've caused too much uncertainty and volatility.

 

 

 

You think he suffers from mental issues? Naaah, that was a stupid question

27 minutes ago, bamnutsak said:

AFAIK, trump tariffs do not go into effect until tomorrow, August 1, 2025, unless he's TACOed again.

 

Yes, trump's mixed messages on tariffs - on/off, up/down, immigration, fentanyl, national security, trade imbalance - haven't so much backfired, rather they've caused too much uncertainty and volatility.

 

 

 

The Budget Lab at Yale University estimates that, as of 28 July 2025, the average effective tariff rate imposed by the US on goods imports stood at 18.2%, the highest since 1934.

 

That was up from 2.4% in 2024, before Donald Trump returned to office.

That significant increase means the US government's tariff revenues have shot up.

 

Official US data shows that in June 2025 tariff revenues were $28bn, triple the monthly revenues seen in 2024.

The Congressional Budget Office (CBO), the independent US fiscal watchdog, estimated in June that the increase in tariff revenue, based on the new US tariffs imposed between 6 January and 13 May 2025, would reduce cumulative US government borrowing in the 10 years to 2035 by $2.5 trillion.

 

However, the CBO also judged that the tariffs would shrink the size of the US economy relative to how it would perform without them.

They also project that the additional revenues generated from the tariffs will be more than offset by the revenue lost due to the Trump administration's tax cuts over the next decade.

 

From the same article I referenced as OP. My emphasis.

11 minutes ago, Liverpool Lou said:

BBC, yea right.  Only idiots trust that source for unbiased factual reports.

 

Similar story from a US based news channel, and no, it isn't a copy from the BBC 

 

https://www.npr.org/2025/05/08/g-s1-64816/tariffs-prices-receipts-trump

 

Americans are already seeing Trump's tariffs kick in. They sent in receipts to prove it

11 minutes ago, JBChiangRai said:

 

The Budget Lab at Yale University estimates that, as of 28 July 2025, the average effective tariff rate imposed by the US on goods imports stood at 18.2%, the highest since 1934.

 

That was up from 2.4% in 2024, before Donald Trump returned to office.

That significant increase means the US government's tariff revenues have shot up.

 

Official US data shows that in June 2025 tariff revenues were $28bn, triple the monthly revenues seen in 2024.

The Congressional Budget Office (CBO), the independent US fiscal watchdog, estimated in June that the increase in tariff revenue, based on the new US tariffs imposed between 6 January and 13 May 2025, would reduce cumulative US government borrowing in the 10 years to 2035 by $2.5 trillion.

 

However, the CBO also judged that the tariffs would shrink the size of the US economy relative to how it would perform without them.

They also project that the additional revenues generated from the tariffs will be more than offset by the revenue lost due to the Trump administration's tax cuts over the next decade.

 

From the same article I referenced as OP. My emphasis.

Good for the poor, bad for the rich. 

43 minutes ago, bamnutsak said:

AFAIK, trump tariffs do not go into effect until tomorrow, August 1, 2025, unless he's TACOed again.

 

There is a court ruling today.

 

https://www.argusmedia.com/en/news-and-insights/latest-market-news/2700201-us-supreme-court-asked-to-rule-on-tariffs

 

The trade court's ruling is under review at the US Court of Appeals for the Federal Circuit, which scheduled an oral argument on 31 July to hear from plaintiffs — a group of US companies and several US states — and from the Trump administration.

 

 

47 minutes ago, JBChiangRai said:

That was up from 2.4% in 2024, before Donald Trump returned to office.

That significant increase means the US government's tariff revenues have shot up.

 

That means US government tax revenues from American consumers have shot up.

 

Winning©! 

2 minutes ago, NoDisplayName said:

 

That means US government tax revenues from American consumers have shot up.

 

Winning©! 

 

You missed.....

 

However, the CBO also judged that the tariffs would shrink the size of the US economy relative to how it would perform without them.

They also project that the additional revenues generated from the tariffs will be more than offset by the revenue lost due to the Trump administration's tax cuts over the next decade.

 

Losing©! 

13 minutes ago, NoDisplayName said:

 

That means US government tax revenues from American consumers have shot up.

 

Winning©! 

 

Tax revenues are paid by US citizens only, since foreigners are not eligible to pay US taxes, so it is you who are the dupe.

 

You sure you are winning?

2 hours ago, CallumWK said:

 

Tax revenues are paid by US citizens only, since foreigners are not eligible to pay US taxes, so it is you who are the dupe.

 

You sure you are winning?

 

Consumer taxes in the form of tariffs passed on to the retail purchaser don't discriminate.  Birthright citizens, legal immigrants, tourists, H-1B coders, and undocumented invaders all pay the tax through higher prices at the Kroger's.  The only folks who circumvent the tax are shoplifters.

 

I'm shirley!