However, Goldman Sachs says a deal between the US and China is unlikely before the 2020 election.<\/p>\n
Trump has further threatened China with a 10 percent tariff on $300 billion worth of US imports from the People’s Republic effective Sept. 1. The new tariffs would target various goods including apparel, footwear, and electronics.<\/p>\n
PredictIt asks which side will be the victor at the end of 2019 in terms of the value of goods traded between the two countries. The strong favorite is China.<\/p>\n
\n
“Will US have a monthly trade surplus with China by year-end 2019?” has “Yes” shares at just three cents. According to the Census Bureau, the United States between January through June 2019 has imported $219 billion worth of products from China, while exporting only $52 billion to the People’s Republic.<\/p>\n<\/div>\n
In 2018, imports from China totaled $539.6 billion, to $120.1 billion in exports \u2013 a $419 billion trade surplus in China’s favor.<\/p>\n","protected":false},"excerpt":{"rendered":"
The United States Treasury has officially designated China a currency manipulator, and the ongoing trade war between the world’s two largest economies is threatening global markets, as well as the odds on the 2020 US presidential election outcome. On Monday, Treasury Secretary Steven Mnuchin said after reviewing the yuan exchange rate to the US dollar, […]<\/p>\n","protected":false},"author":25,"featured_media":111278,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19853,61],"tags":[],"acf":[],"yoast_head":"\n
US Treasury Designates China Currency Manipulator, Spurs Trade Odds<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n