Bloomberg
Published Oct 07, 2019 13:00
Updated Oct 07, 2019 14:20
How the Impeachment Ruckus Changes the Tone of U.S.-China Trade Talks
(Bloomberg) -- How the impeachment inquiry Donald Trump is facing will affect the way he governs for the remaining 15 months of his term in office is the question dominating discussions in Washington. Well, besides daily revelations surrounding a case where, uniquely, the facts are mostly agreed to by both sides and it is only their interpretation that is the cause of vigorous debate.
So how will the impeachment crisis impact the trade war against China and what is arguably the most geopolitically consequential item on the president’s policy plate? There’s plenty of debate to be had on that question as well. And three things to keep in mind:
U.S. imports from China fell 12.5% in the year through August, while purchases from Mexico — the second-biggest supplier of goods to America — posted the biggest increase. Imports from China declined $43.25 billion from the same period of 2018, while purchases from Mexico rose by 5.5%, or $12.4 billion. Other countries posting a big increase included Vietnam, with a jump of 34% or $10.9 billion — enough to move it from 12th to 7th on the list of America’s suppliers. The top six rankings were unchanged.
Written By: Bloomberg
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