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China Shatters Trade Records as Tariffs Fall Flat
Published 9 months ago
Description
LISTEN and SUBSCRIBE on:
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
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Despite years of tariffs and predictions that China’s export machine would slow, the opposite just happened. China posted a record trade surplus of $1.19 trillion, with exports up 5.5%. While shipments to the U.S. have dropped, Europe and the rest of the world are now absorbing the flood of Chinese goods. The strategy to force China into becoming a consumption-driven economy hasn’t worked—and Beijing itself is struggling with the same goal amid deflation fears and a still-broken real estate market.
Chris explains why tariffs failed to reshape China’s economy, the difference between “good” and “bad” deflation, and why China is likely to keep doing what it does best: making—and exporting—a lot of stuff.
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
Despite years of tariffs and predictions that China’s export machine would slow, the opposite just happened. China posted a record trade surplus of $1.19 trillion, with exports up 5.5%. While shipments to the U.S. have dropped, Europe and the rest of the world are now absorbing the flood of Chinese goods. The strategy to force China into becoming a consumption-driven economy hasn’t worked—and Beijing itself is struggling with the same goal amid deflation fears and a still-broken real estate market.
Chris explains why tariffs failed to reshape China’s economy, the difference between “good” and “bad” deflation, and why China is likely to keep doing what it does best: making—and exporting—a lot of stuff.