A trade war between China and the US gave an unexpected effect

128

Photo: China Stringer Network / Reuters

From January to April 2018 the turnover of the US and China grew by 13.2 percent and amounted to 191,5 billion dollars, reports TASS, citing data from the General administration of customs of PRC.

For example, Chinese exports to the United States grew 13.9 percent to 135,9 billion dollars, and the import of American products to China increased by 11.6 percent to 55.6 billion dollars.

The positive balance of China (the excess of exports over imports) in April amounted to 22.1 billion dollars, an increase of 43.8 percent compared to March.

The US and China on 4 may are unable to agree on the termination of a trade war between the two countries. None of the parties made no official statements after the talks. However, according to documents reviewed by Bloomberg, the US demanded China to reduce the trade deficit between the two countries is not less than $ 200 billion by 2020.

Relations between Washington and Beijing has escalated in 2018, after the US imposed protectionist measures affecting products from China. One of the reasons was the high level of trade deficit. In response, China has taken measures against imports from the United States, which caused discontent in Washington.

Video, photo All from Russia.

LEAVE A REPLY

Please enter your comment!
Please enter your name here