Tyler Durden - China Merchandise Information Suggests Trump Is Non Winning The 'War'
While most attending alongside global onlookers is focused on the well-nigh unbelievable deviation betwixt U.S. together with Chinese stocks this year, actual 'real' Chinese import together with export information suggest President Trump is far from winning this merchandise war... inward fact it's never been worse.
Headline merchandise figures demo Red People's Republic of China exports to the residuum of the globe grew at 14.5% YoY inward USD price (almost double expectations) together with imports rose 14.3% YoY inward USD price (below expectations together with good below August's 20% rise).
However, all eyes were on the US-China interaction together with that's where the fun together with games begin...
Chinese exports to the U.S. rose 14.0% YoY inward USD price - the most since Feb - but, Chinese imports from the U.S. genuinely dropped 1.2% YoY inward USD terms
That pushed China's exports to U.S. to a novel tape high together with saw China's imports from the U.S. sink to 6-month lows... sending China's merchandise surplus with the U.S. to a novel tape high...
That pushed China's exports to U.S. to a novel tape high together with saw China's imports from the U.S. sink to 6-month lows... sending China's merchandise surplus with the U.S. to a novel tape high...
Zero Hedge
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