Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Political Calculations (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Soybean Exports, Inflation Boost U.S.-China Trade in November 2021

% of readers think this story is Fact. Add your two cents.


In November 2021, the total value of goods exchanged between the U.S. and China dipped from their October peak, but remained elevated at the second highest level on record.

That’s partially driven by U.S. exports of soybeans to China, which typically peak between October and December each year. But more significantly, its also driven by higher prices for soybeans and other goods being traded between the two countries, where President Biden’s 2021 stimulus checks contributed to inflation in the value of goods imported from China.

Here’s how that looks on our chart illustrating the combined value of goods traded between the U.S. and China in each month from January 2008 through November 2021.

Combined Value of U.S. Exports to China and Imports from China, January 2008 - November 2021

We’ll update this version of the chart once more when December 2021′s data is available. And then, we’ll retire it because we’re getting to the point where the original “No Tariff War” and “No Coronavirus Pandemic” counterfactuals are no longer worthwhile to track, because new developments will have more impact on the trajectory of trade between the U.S. and China. We’ve already hinted at what we’re considering to replace it in earlier editions of this series, so we’ll leave it at that for now.

References

Board of Governors of the Federal Reserve System. China / U.S. Foreign Exchange Rate. G.5 Foreign Exchange Rates. Accessed 6 January 2022.

U.S. Census Bureau. Trade in Goods with China. Accessed 6 January 2022.




Source: https://politicalcalculations.blogspot.com/2022/01/soybean-exports-inflation-boost-us.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.