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US Total Imports & Exports of Goods & Services 2008-2017

U.S. Total Imports & Exports of Goods & Services 2008-2017
Chart prepared by Rosaliene Bacchus, Your US-Brazil Trade Assist

 

Every year during the period January to March, I update the content and links on my website rosalienebacchus.com. This year, I have redesigned my website to feature my work as a writer. With the exception of three articles – Business with Brazil, Business with the USA, and the Import-Export Workbench – all links to articles for Your US-Brazil Trade Assist remain unchanged.

This week, I completed the update for Doing Business with the USA to include US trade statistics for year 2017. As shown in the captioned chart, U.S. total imports and exports of goods and services have recovered by 6.9 percent and 5.6 percent, respectively, when compared with the previous year.

Other information and charts include the following:

  • U.S. Top Ten Trade Partners 2017
  • U.S. Imports of Goods by End-Use Category 2015-2017
  • U.S. Exports of Goods by End-Use Category 2015-2017
  • Entering the U.S. Market
  • Making Contact with U.S. Importers & Exporters
  • U.S. Import Regulations
  • Visiting the United States for Business

 

For Chinese companies and their foreign suppliers in the production chain, these are uncertain times to do business with the USA. On March 22nd, the U.S. government announced plans to impose tariffs of up to $60 billion on Chinese imports in response to China’s unfair technology practices. The following day, the USTR launched a new WTO challenge against China.

US Trade in Goods with China 2008-2017

U.S. Trade in Goods with China 2008-2017
Chart prepared by Rosaliene Bacchus, Your US-Brazil Trade Assist

 

China was quick to respond.

“China doesn’t hope to be in a trade war, but is not afraid of engaging in one,” the Chinese commerce ministry responded in a statement. “China hopes the United States will pull back from the brink, make prudent decisions, and avoid dragging bilateral trade relations to a dangerous place.”

Should the two trading partners fail to reach an agreement, the Chinese commerce ministry has prepared a list of 128 American products that could be hit with tariffs. These products would include steel pipes, dried fruit and wine, pork, and recycled aluminum, an estimated total value of $3 billion.

On March 22nd and 23rd, stock prices tumbled worldwide following investors’ fears of an escalating trade war between the U.S. and China, the world’s largest economies.

In this war, there will be American casualties.

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