US-China trade deficit hits new high, iPhone 6 helps

US-China trade deficit hits new high, iPhone 6 helps

According to the Wall Street Journal, total U.S. imports from China reached $44.9 billion in September, up 13%, or about $5 billion, from the previous month.

Meanwhile, the total exports from the United States to China were only $9.3 billion. The trade deficit between the United States and China reached an unprecedented 80%, breaking the historical record again. The contribution of Apple's iPhone 6 and iPhone 6 Plus is absolutely "indispensable".

The month-on-month import growth of US$5 billion was due to US$3 billion of the Apple iPhone 6 and iPhone 6 Plus. Since both devices are assembled and produced by Chinese manufacturers, they are counted as import trade when entering the United States.

Throughout history, in fact, every September, the month when the new iPhone is released, there will be a surge in US trade imports from China. Foreign media now call this phenomenon the iPhone Effect.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.

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