Despite the conflicts, trade between the United States and China is growing

Despite trade tensions, trade between the United States and China increased sharply in the first half of the year. Compared with the same period last year, the volume of trade between the two largest economies increased 13.1% to $ 301 billion. As Chinese customs reported Friday in Beijing, China's exports to the United States in dollars rose 13.6%. Meanwhile, imports from the United States rose 11.8% from the Chinese point of view.

The US trade deficit with China, which particularly bites US President Donald Trump, reached its highest level in June at nearly $ 28.97 billion two decades ago. China's exports to the United States reached a record $ 42 billion during the month, while US exports to China reached $ 13.6 billion.

since the beginning of the year 16 percent from year to year. In June alone, the most was only 12.5%, down 2.1% from the previous month. Chinese imports rose 19.9 percent year-on-year in the first half, while exports increased 12.8 percent.

US trade could be slowed if Trump put his threat to execution in August, with 10 percent more punitive duties on Chinese imports worth $ 200 billion. A week ago, special taxes of 25 percent on imports from the People's Republic, worth US $ 34 billion, had already come into effect. China announces countermeasures

These special taxes would affect about half of Chinese exports to the United States, which last year represented special duties on future imports of $ 16 billion. had reached about 500 billion dollars. China has announced "necessary countermeasures" of the same amount – but the United States does not export so much to China, so Washington has to rely on other retaliatory measures.

Thus, the Chinese authorities could also kill the American companies operating in the country make it hard. They sold $ 280 billion worth of products and services in China last year.

(sda / mbü)