4 ms·
We are currently running a $375 billion dollar trade deficit with China. That means each year they receive a net gain of $375 billion in trade with us. And iron
by TangoTrotFox 8y ago
We are currently running a $375 billion dollar trade deficit with China. That means each year they receive a net gain of $375 billion in trade with us. And ironically the Chinese already had disproportionate tariffs against numerous American exports. A handy tool on Google is search by date range (wish DDG had this). Search for 'Chinese tariffs' on google with a date range of 2000-2015. You'll find articles such as this [1] referencing China's minimum 25% import tariff on American vehicles contrasted against 5% from the US.
Or articles such as this [2] which I will leave without further comment, since that's an entirely different topic...
[1] - https://www.forbes.com/sites/baizhuchen/2012/07/12/tear-down-this-wall-the-chinese-tariff-wall https://www.forbes.com/sites/baizhuchen/2012/07/12/tear-down...
[2] - https://www.greentechmedia.com/articles/read/commerce-department-hits-chinese-panel-makers-with-higher-tariffs https://www.greentechmedia.com/articles/read/commerce-depart...