• Monthly
  • $25
  • $50
  • $100
  • $other
  • use PayPal

Spring Donation Drive

CounterPunch is a lifeboat piggybank-icon of sanity in today’s turbulent political seas. Please make a tax-deductible donation and help us continue to fight.
FacebookTwitterRedditEmail

How Badly is Trump’s Trade War Hurting China?

I know it’s considered bad manners to bring data into an economic debate, but after seeing numerous stories telling us how bad China’s economy has been hit by Trump’s tariffs (e.g. this NYT piece), I thought it was worth looking at the numbers. In the first eight months of 2018, China’s exports to the US were $344.7 billion. This is up by $25.4 billion from $319.3 billion in the first eight months of 2017.

I’m afraid I have a hard time seeing how China’s economy could be hurt all that much from tariffs that still did not prevent its exports from rising year-over-year. I’m sure there have been some businesses and specific industries that have been hurt, but I have a hard time seeing how a $14 trillion economy ($25 trillion in purchasing power parity terms) could be sunk by reducing its exports to the US by $60 or even $100 billion. And, since we are constantly told that much of the value of these exports actually comes from third countries like Japan or South Korea, the impact would be even less.

Of course, if China’s exports are still rising in spite of Trump’s trade war, it is even harder to understand how it could be sinking its economy.

This piece originally appeared on Dean Baker’s blog, Beat the Press.

More articles by:

Dean Baker is the senior economist at the Center for Economic and Policy Research in Washington, DC. 

bernie-the-sandernistas-cover-344x550

May 20, 2019
Richard Greeman
The Yellow Vests of France: Six Months of Struggle
Manuel García, Jr.
Abortion: White Panic Over Demographic Dilution?
Robert Fisk
From the Middle East to Northern Ireland, Western States are All Too Happy to Avoid Culpability for War Crimes
Tom Clifford
From the Gulf of Tonkin to the Persian Gulf
Chandra Muzaffar
Targeting Iran
Valerie Reynoso
The Violent History of the Venezuelan Opposition
Howard Lisnoff
They’re Just About Ready to Destroy Roe v. Wade
Eileen Appelbaum
Private Equity is a Driving Force Behind Devious Surprise Billings
Binoy Kampmark
Bob Hawke: Misunderstood in Memoriam
J.P. Linstroth
End of an era for ETA?: May Basque Peace Continue
Weekend Edition
May 17, 2019
Friday - Sunday
Melvin Goodman
Trump and the Middle East: a Long Record of Personal Failure
Joan Roelofs
“Get Your Endangered Species Off My Bombing Range!”
Jeffrey St. Clair
Roaming Charges: Slouching Towards Tehran
Paul Street
It’s Even More Terrible Than You Thought
Rob Urie
Grabby Joe and the Problem of Environmental Decline
Ajamu Baraka
2020 Elections: It’s Militarism and the Military Budget Stupid!
Andrew Levine
Springtime for Biden and Democrats
Richard Moser
The Interlocking Crises: War and Climate Chaos
Ron Jacobs
Uncle Sam Needs Our Help Again?
Eric Draitser
Elizabeth Warren Was Smart to Tell FOX to Go to Hell
Peter Bolton
The Washington Post’s “Cartel of the Suns” Theory is the Latest Desperate Excuse for Why the Coup Attempt in Venezuela has Failed
Doug Johnson Hatlem
Analysis of Undecideds Suggests Biden’s Support May be Exaggerated
Peter Lackowski
Eyewitness in Venezuela: a 14-year Perspective
Karl Grossman
Can Jerry Nadler Take Down Trump?
Howie Hawkins
Does the Climate Movement Really Mean What It Says?
Gary Leupp
Bolton and the Road to the War He Wants
Jill Richardson
Climate Change was No Accident
Josh Hoxie
Debunking Myths About Wealth and Race
David Barsamian
Iran Notes
David Mattson
Social Carrying Capacity Politspeak Bamboozle
Christopher Brauchli
The Pompeo Smirk
Louis Proyect
Trotsky, Bukharin and the Eco-Modernists
Martha Burk
Will Burning at the Stake Come Next?
John W. Whitehead
The Deadly Perils of Traffic Stops in America
Binoy Kampmark
The Christchurch Pledge and a Regulated Internet
David Rosen
Florida’s Sex Wars: the Battle to Decriminalize Sex Work
Ralph Nader
Trump: Importing Dangerous Medicines and Food and Keeping Consumers in the Dark
Brett Haverstick
America’s Roadless Rules are Not Protecting Public Wildlands From Development
Alan Macleod
Purity Tests Can be a Good Thing
Binoy Kampmark
Modern Merchants of Death: the NSO Group, Spyware and Human Rights
Kim C. Domenico
Anarchism & Reconciliation, Part II
Peter LaVenia
Game of Thrones and the Truth About Class (Spoiler Warning)
Manuel E. Yepe
The Options Trump Puts on the Table
Renee Parsons
The Pompeo/Bolton Tag Team
David Swanson
Where Lyme Disease Came From and Why It Eludes Treatment
FacebookTwitterRedditEmail