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The surplus against the US is larger than its surplus against the rest of the world combined, and has grown particularly since Trump became president. So if the
by Arnt 6y ago
The surplus against the US is larger than its surplus against the rest of the world combined, and has grown particularly since Trump became president. So if the next president were to achieve results like the rest of the world's, then the Chinese surplus might drop by a third or more.
There's a US election in the near future and the next president might not be called Trump.
- Fjolsvith 6y agoWishful thinking. About the surplus, I mean.
- Arnt 6y agoI thought about this a time or two, and I disagree. As I read the tea leaves, some market participants think that after the upcoming election, there's a chance that the US trade balance against China might no longer by the world's most negative by a very large margin. Being the world's worst by a very large margin isn't a natural, unavoidable state. Or shouldn't be.