China and the United States are heading towards a trade war | WHAT REALLY HAPPENED


China and the United States are heading towards a trade war

One of the pillars of President Trump’s election campaign was fixing America’s yawning trade deficit with China. Indeed, he went so far as to call trade with Beijing as China’s “rape” of the US economy. Trump also railed against the “theft” of coveted manufacturing jobs from the American heartland. So it seemed like a trade war was an eventuality.

However, Trump didn’t address the trade imbalance with China in his first year in office. The deficit with China came in at a hefty $344 billion last year. That was only a smidge below President Obama’s last year in office and an eye-watering 52% above the 2009 trade deficit.

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