China stepping up trading positions with US – BBH

By FXStreet FXStreet (Guatemala) – Analysts at Brown Brothers Harriman explained that China is poised to surpass Canada this year as the US largest trading partner.

Key Quotes:

“It would be the first time since 1985 when such data is available. In the first nine months of the year, goods trade between the US and China was $441 bln compared with $438.1 bln with Canada.

The key factor is the drop in energy prices. US goods trade with Canada is off 11.6% this year while it is up 3.7% with China.

It is about prices. In September, for example, the US imported 101.3 mln barrels of oil from Canada, the most this year, the second highest since 2010. That oil cost $3.9 bln, the second lowest bill since 2010. “
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Source:: FX Street