Six years after the Trump-era tariffs reshaped US-China trade, a surprising twist has emerged: while US data claims a shrinking trade deficit with the Chinese mainland, China reports a 10% surge in exports to America. ๐ข๐ผ What's going on?
Analysts point to the de minimis exemptionโa loophole letting small packages (think fast-fashion hauls or tech gadgets ๐๏ธ๐ฑ) enter the US duty-free and uncounted in official stats. Imagine ordering a $50 jacket from Shein: US customs doesn't track it, but China logs it as an export. Multiply that by millions, and youโve got a $100B+ 'import gap' fueling the debate.
'Itโs like trying to count raindrops but missing the storm,' says trade expert Li Wei. US lawmakers argue tariffs protected manufacturing jobs ๐ญ, while Chinese economists highlight resilient supply chains. Meanwhile, tariffs shifted some imports to Vietnam and Mexicoโthough many products still rely on Chinese parts. ๐ค
For young professionals and entrepreneurs, this clash underscores how policy meets real-world loopholes. Students, take note: global trade is never as simple as it seems! ๐โจ
Reference(s):
China and US at odds over tariff effects amid undercounted imports
cgtn.com