US imports keep falling, except from China, imports from China surging

[beijingwalker]

US imports keep falling, except from China,
imports from China surging
3 hours ago
By Dan Kopf

US imports are at a five-year low, according to data released today by the US Department of Commerce. But while trade with the vast majority of countries has plunged since March, US imports from China are surging.

What happened? The value of US imports fell to $164 billion in May, the lowest monthly figure in more than five years. Yet imports from China, the US’s largest source of imports for over a decade, actually rose from a 10-year low of $20.7 billion in March to $36.6 billion in May.

Why it’s important: More US imports from China are likely a result of servicing pent-up demand from the first quarter of 2020, when supply chain disruptions stopped many American companies from purchasing imports from outside the country. The US’s trade surplus with China—imports minus exports—jumped back up to $27.9 billion in May, from just $12 billion in March. That won’t make US president Donald Trump happy: His trade policies with China are aimed at reducing that surplus.

Why it’s interesting: Even through a pandemic and a trade war, the US continues to be incredibly reliant on Chinese goods. After falling out of the top spot in February and March, China was once again the US’s number one source of imports in April and May.

How to find more data: Check USA Trade Online for the best and most up-to-date US-specific data. For international statistics, the International Trade Centre’s Trade Map dashboard has detailed, easy-to-use data on trade between countries.

https://qz.com/1874325/us-imports-from-china-are-surging/

 

[Pandora]

 

[beijingwalker]

Bad mouthing China doesn't ease their insatiable appetite for the Chinese products.

 

[Hamartia Antidote]

Bad mouthing China doesn't ease their insatiable appetite for the Chinese products.

Um..you mean mostly American/Western products made in China or raw materials from China...not Chinese company products.

Not many Chinese companies have brand recognition (Lenovo, Haier, TCL...?), the US. That means if we change the source nobody is really going to notice.

 

[masterchief_mirza]

Pragmatism. Normal rational individuals know they can't "ban" Chinese products.

Meanwhile, in Hindustan...

 

[Pakistani Fighter]

@Viva_Viet @Viet

 

[Oracle]

During convid situation
All businesses are on halt. No business means a stop in demand of certain items.

Means less import.


Same goes of China. Less exports by China to anywhere. As issue is global

 

[Viet]

@Viva_Viet @Viet

You should look at the long trend. US/China trades decline year by year.
Replacing chinese manufacturing takes time. Please be patient.

 

[beijingwalker]

Um..you mean mostly American/Western products made in China or raw materials from China...not Chinese company products.

Not many Chinese companies have brand recognition (Lenovo, Haier, TCL...?), the US. That means if we change the source nobody is really going to notice.

Maybe US only knows Huawei , they are so scared of Huawei to the point of going around the world begging countries not to use it, but China is not all about Huawei.

 

[Hamartia Antidote]

Maybe US only knows Huawei , they are so scared of Huawei to the point of going around the world begging countries not to use it, but China is not all about Huawei.

Yep
https://phys.org/news/2019-05-huawei-threat-rural-internet.html
Huawei fight is a threat to rural internet

In swaths of rural America, along roads where there are just a few farms or homes within a mile-long stretch, customers are so few that the likes of AT&T and T-Mobile don't bother to build cell towers for coverage.

The only operators providing wireless access are small carriers, many of which can't afford equipment from suppliers such as Ericsson and Nokia Corp. and instead rely on cheaper network infrastructure from Huawei Technologies Co. and other Chinese companies.

 

[FairAndUnbiased]

Um..you mean mostly American/Western products made in China or raw materials from China...not Chinese company products.

Not many Chinese companies have brand recognition (Lenovo, Haier, TCL...?), the US. That means if we change the source nobody is really going to notice.

American products made in China still have to use Chinese suppliers for parts, materials, electricity, etc. It's very hard to have zero value added inside China when you make products in China, and the more products China makes, the more value is added inside China.

For example Texas Instruments and Qualcomm both use SMIC as their foundry. Qualcomm uses JCET to package and test their chips. Closer to the customer, take a look at the list of Dell suppliers.

Anything imported from China will find it difficult to avoid actually using other products made in China... pretty obvious but I think I have to spell it out sometimes.

 

[Hamartia Antidote]

For example Texas Instruments and Qualcomm both use SMIC as their foundry. Qualcomm uses JCET to package and test their chips.

Yeah according to your own link Qualcomm is now sourcing SMIC to fab some of their 28nm chips.
"Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) and Qualcomm Incorporated (NASDAQ: QCOM), have announced that SMIC and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, are working together in connection with 28nm process technology and wafer manufacturing services in China to manufacture Qualcomm® Snapdragon™ processors

Meanwhile their present day Snapdragon chips are 7nm. The SMIC built chips are for cheap Chinese brands using old chips.

 

[Crusher]

Um..you mean mostly American/Western products made in China or raw materials from China...not Chinese company products.

Not many Chinese companies have brand recognition (Lenovo, Haier, TCL...?), the US. That means if we change the source nobody is really going to notice.

Those products cannot be called "American/Western" if they are manufactured in China by Chinese workers and Chinese factories using Chinese materials, energy and infrastructure. And just asking the Chinese manufacturers to put a label of some American/Western importing company on those products doesn't make them American or Western products, it is just a tool used by American/Western companies to fool the people living in America and the West. Designing the product inside USA/West doesn't mean any sh1t in this case because even these so-called designing jobs will also be outsourced to China with the time by the greedy American/Western rich class.

 

[FairAndUnbiased]

Yeah according to your own link Qualcomm is now sourcing SMIC to fab some of their 28nm chips.
"Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) and Qualcomm Incorporated (NASDAQ: QCOM), have announced that SMIC and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, are working together in connection with 28nm process technology and wafer manufacturing services in China to manufacture Qualcomm® Snapdragon™ processors

Meanwhile their present day Snapdragon chips are 7nm. The SMIC built chips are for cheap Chinese brands using old chips.

The 28 nm deal is from 2014 when 14 nm just came out and 28 nm was the mainstream process node.

Those products cannot be called "American/Western" if they are manufactured in China by Chinese workers and Chinese factories using Chinese materials, energy and infrastructure. And just asking the Chinese manufacturers to put a label of some American/Western importing company on those products doesn't make them American or Western products, it is just a tool used by American/Western companies to fool the people living in America and the West. Designing the product inside USA/West doesn't mean any sh1t in this case because even these so-called designing jobs will also be outsourced to China with the time by the greedy American/Western rich class.

Dell uses ODMs in China so even much of the design work is done in China. Dell does the marketing.

 

[beijingwalker]

After China's domestic planes meet the demand of the Chinese market, US won't have much to export to China, maybe only food, US will turn into China's farm lands.