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China's trade surplus with the United States hit a record monthly high in August despite the Trump administration's imposition of two rounds of new tariffs on Chinese goods and plans to levy additional taxes soon.
The surplus increased from $28.09 billion in July to $31.05 billion last month.
lol, that revenue is paid by the American consumer through higher product costs.
Taxes!
Absolutely true.
Consumers are also paying more for housing, health care and automobile insurance, the federal government reported Friday. Additional price increases could be coming as President Trump’s new tariffs boost the prices of cheap imported products on which U.S. consumers rely. And many economists warn that growth might have peaked for this expansion.
Suuuuuure, what US made computer are you typing on right now? I am sure you don't buy anything that contains aluminum or steel as well
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