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The gap is what matters, not the year over year totals. Trump’s stated objective was to lower the trade gap and he (so far) is failing. Front loading is evidenc
by nihonde 8y ago
The gap is what matters, not the year over year totals. Trump’s stated objective was to lower the trade gap and he (so far) is failing. Front loading is evidence that US demand is as high as ever. US companies have no real options other than Chinese suppliers and that’s why they’re buying as much as possible ahead of Trump’s tarrifs, which only really punish US buyers and the end consumers.
The fact that China can use its currency to fight this trade war is only more evidence that the US is being outmaneuvered.
You can spin it all day long, but the US soybean farmers and steelworkers are not winning this trade war.
https://www.google.com/amp/s/www.marketwatch.com/amp/story/guid/222BBB70-F808-11E8-84A6-E0B25E1938B1 https://www.google.com/amp/s/www.marketwatch.com/amp/story/g...