China’s Trade Surplus With U.S. Drops in March, Rises in First Quarter China’s Trade Surplus With U.S. Drops in March, Rises in First Quarter – NTK Network

China’s Trade Surplus With U.S. Drops in March, Rises in First Quarter

The president has lamented the American deficit with China. He got both good news and bad news from a report on first quarter trade.

By NTK Staff | 04.13.2018 @5:30pm
China’s Trade Surplus With U.S. Drops in March, Rises in First Quarter

President Trump initiated a series of trade measures aimed at breaking Chinese economic aggression last month, and some news from first-quarter trade reports indicate that he may be taking the first steps to success.

China’s General Administration of Customs reported a global trade deficit of $4.98 billion in March, according to Business Insider. Experts predicted that Beijing would enjoy a trade surplus of $27.21 billion.

“It was the first deficit since since February 2017, and a stark turnaround from the $33.75 billion surplus of February,” Business Insider reported.

And the country’s monthly trade surplus with the United States dropped by over $5 billion from its February numbers. However, the U.S.-Chinese trade deficit increased overall during the first quarter of 2018:

Customs reported a trade surplus of $15.43 billion with the US, below the $20.96 billion level seen in February.

Over the March quarter as a whole, China’s exports to the US rose 14.8% from a year earlier, outpacing a 8.9% increase in imports over the same period, seeing its trade surplus with the US swell to $58.25 billion.

The proposed trade volleys that the Trump administration and Beijing have exchanged over the past month have not yet taken effect. The two economic giants are trying to negotiate a way out of a potential trade war before pulling the trigger on tariffs.

Sign Up

for NTK updates every week.