Here’s all the stuff the U.S. imports from China that’s causing a huge trade deficit

  • Written by MarketWatch
  • Published in Economics
image President Donald Trump will let tariffs on Chinese goods worth up to $50 billion [1]take effect after talks between the two countries failed to appease White House demands on reducing huge U.S. trade deficits. Read: Mr. Roboto? Trump sells China tariffs as fight over robots, other future technologies [2] The U.S. has run large deficits with China for years and in some cases no longer produces certain goods such as consumer electronics that are popular with Americans. It won’t be easy[3], and it might even be impossible, to reduce the gap much any time soon. In 2017, the U.S. posted a $375.6 billion deficit in goods with China. Most glaring is the huge deficit in computers and electronics, but the U.S. is a net importer from China in most market segments except for agriculture. The U.S. is excluding Chinese-made cellphones and televisions from its tariffs. China has been a big buyer of American-grown soybeans and other crops. Planes made by Boeing BA, -1.82%[4]  also are a product in demand in China. What happens next? Trump has vowed to increase tariffs if China retaliates[5], but the Chinese promised to return the favor. A trade dispute between the two largest economies in the world could result in lasting damage to the global economy if it metastasizes. U.S. stocks DJIA, -0.88%[6] SPX, -0.43%[7]  fell on the news[8]. References^ tariffs on Chinese goods worth up to $50 billion (www.marketwatch.com)^ Mr. Roboto? Trump sells China tariffs as fight over robots, other future technologies (www.marketwatch.com)^ won’t be easy (www.marketwatch.com)^ BA, -1.82% (www.marketwatch.com)^ Trump has vowed to increase tariffs if China retaliates (www.marketwatch.com)^ DJIA, -0.88% (www.marketwatch.com)^ SPX, -0.43% (www.marketwatch.com)^ on the news (www.marketwatch.com)...

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