Basic 25 Folder Collection
After playing the video, you can click or select the word to look it up in the dictionary.
Report Subtitle Errors
Donald Trump tweeted this week that the US-China trade war
is a beautiful thing to watch.
His view is that Washington is combating
China's sharp practises, while helping
attract massive amounts of money into the US
through investments.
But key data from the trade war is telling an almost
opposite story.
If you look at the numbers alone,
it is very difficult to make the argument
that the US is winning.
In the year to the end of June, US exports to China
slumped $33bn or 21 per cent.
Chinese exports to the US, by contrast,
actually grew a little, rising one per cent or $4bn.
In July, according to numbers just announced,
China's surplus with the US grew still further,
and over the first seven months of the year,
China's total surplus was worth a hefty $168bn.
This is exactly the outcome that Mr Trump
was determined to avoid when Washington
imposed a flurry of tariffs against China last year.
And the relative lack of pain being felt by China
could also go some way to explaining
why Beijing seems fairly nonchalant when it comes
to negotiations with the US.
It's clear that Washington wants to talk.
Larry Kudlow, the top White House economic advisor,
said this week that the US side was
preparing the Chinese negotiating
team to come over in September.
He also held out the possibility that there
could be some softening in Mr Trump's threat
this month to impose new tariffs on Chinese goods worth $300bn.
For now though, Beijing is not sounding too keen
to concede to Washington's demands.
    You must  Log in  to get the function.
Tip: Click on the article or the word in the subtitle to get translation quickly!


Why the US isn't winning the trade war with China | FT

25 Folder Collection
林宜悉 published on September 18, 2019
More Recommended Videos
  1. 1. Search word

    Select word on the caption to look it up in the dictionary!

  2. 2. Repeat single sentence

    Repeat the same sentence to enhance listening ability

  3. 3. Shortcut


  4. 4. Close caption

    Close the English caption

  5. 5. Embed

    Embed the video to your blog

  6. 6. Unfold

    Hide right panel

  1. Listening Quiz

    Listening Quiz!

  1. Click to open your notebook

  1. UrbanDictionary 俚語字典整合查詢。一般字典查詢不到你滿意的解譯,不妨使用「俚語字典」,或許會讓你有滿意的答案喔