this post was submitted on 08 Apr 2025
254 points (99.6% liked)

World News

1018 readers
544 users here now

Rules:

  1. Be a decent person
  2. No spam
  3. Add the byline, or write a line or two in the body about the article.

Other communities of interest:

founded 6 months ago
MODERATORS
[email protected]
[email protected]
[email protected]
254
US imposes 104% tariffs on Chinese goods effective immediately (m.economictimes.com)
submitted 1 week ago by [email protected] to c/[email protected]
57 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 10 points 1 week ago (2 children)

False.

U.S. goods exports to China in 2024 were $143.5 billion, down 2.9 percent ($4.2 billion) from 2023. U.S. goods imports from China in 2024 totaled $438.9 billion, up 2.8 percent ($12.1 billion) from 2023.

https://ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china

[–] [email protected] 6 points 1 week ago* (last edited 1 week ago)

From your source, the last sentence is

The U.S. goods trade deficit with China was $295.4 billion in 2024, a 5.8 percent increase ($16.3 billion) over 2023.

Doesn't that confirm their assertion of a $200B+ trade deficit or am I confused? I'm not particularly economics savvy.

Edit: derp, I reversed the meaning of their comment, they thought the US has the deficit. They got it backwards!