New Tariffs on China Would Reduce U. S. Trade Deficit Only 10% so Long Way to Go to Workout Level Playing Field


If the new U. S. tariffs on Chinese imports will begin on Friday, that will lessen the U. S. trade deficit with China by only 10% (of the $500 billion annually), but it’s progress toward a trade agreement because the current standoff is much more detrimental to China than to the U. S. which can approach trade parity with China by increased tariffs or by China negotiated to a level playing field.