China Trade War By the Numbers

February 15, 2019 12:54 PM

  New dollar figures are in when it comes to the trade war. The U.S. Census Bureau reporting $2.7 billion dollars worth of tariff revenue was collected in November of last year.

  That's a big increase from the $375 million worth of tariffs collected in November 2017. China's U.S. trade surplus eased to $27.3 billion dollars. That's the lowest since May 2018.

  Imports fell 42% in part due to steep declines in soybean purchases, but soybeans are going to China.  New export data shows China imported 7.38 mmt of soybeans in January.  That's down 13% from last year.  The buys were higher than expected, and up 29% from December.

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