June 2018 Trade Bulletin

Date: 

Wednesday, June 6, 2018

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Summary: 

Highlights of This Month’s Edition • Bilateral trade: U.S. goods deficit with China increases 11.8 percent in the first four months of 2018 as growth in U.S. imports from China outpaces exports. • Bilateral policy issues: The United States and China issue a joint statement on the ongoing trade negotiations, but outcomes remain in flux as tariff and investment action deadlines near; the U.S. government considers alternative penalties for ZTE’s violation of its 2017 settlement with U.S. authorities; China drops antidumping probe into U.S. sorghum, but U.S. soy exports still threatened. • Policy trends in China’s economy: China compels multinational companies to list Taiwan as a Chinese territory, increasingly using Chinese domestic laws as leverage. • Sector Focus — Autos: China’s auto market continues to grow, albeit slower than in previous years; as China prepares to lower tariffs on auto imports, European firms are better positioned to take advantage of increased market access than U.S. firms, most of which manufacture cars in China through joint ventures.

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