Following reports that China has suspended imports of Australian coal a few days ago, there is now news that China requires cotton mills to stop buying Australian cotton. Reuters reported that this is the latest manifestation of the deterioration of relations between the two countries.
Figures presented Friday by Mexican Foreign Minister Marcelo Ebrard confirm a 56% drop in border apprehensions by the United States in the last four months. Last month, 63,989 migrants were apprehended on the US-Mexico border, compared to 144,266 in May, according to figures from U.S. Customs and Border Protection (CPB).
Up to this point the Trump presidency has been marked with controversy, uncertainty, disapproval, and excitement. Of All of the president’s policies none embody these characteristics as well as his tariffing of Chinese imports, and the subsequent trade-war with China. This trade war has caused volatility in the stock market, increased costs to American manufacturers, and has threatened US imports into China. It has also has also helped to protect American industry and to give the US leverage against China to renegotiate trade agreements.
If a manufacturing firm has a goal to sell products in both the US and China, locating the production in China gave them an unfair economic advantage. China imposes very heavy tariffs and regulations on almost all imported goods, making access to China’s market far more costly for the production of manufactured goods outside of the country.