Nov China Trade Surplus (thru the roof) Thank You CCP-Covid

 

TRADE In November, Everything Was Made in China

 

If international trade were a middle school lunch table, China just ended up with everyone's pudding cups. In November, China posted its biggest month for exports on record, and its trade surplus—the amount by which exports exceed imports—topped $75 billion. The massive trade surplus can be traced back to a familiar suspect: the pandemic. China's exports of medical equipment and WFH-related electronic goods have soared while two of its main trade partners, the U.S. and EU, struggle to contain the virus.  Shipments to the U.S. specifically are up 46% from the same period last year, resulting in a $37.3 billion surplus. But analysts say that a vaccine could lead to a more balanced equation once the U.S. economy is firing on all cylinders again. Zoom out: The U.S-China trade deficit is closely watched because one of President Trump's main economic goals was to reduce the imbalance by slapping tariffs on Chinese goods. President-elect Joe Biden said he wouldn't immediately unwind those tariffs when he gets to the White House.