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Friday, December 7, 2018

China is winning the trade tariff war against the US.

https://www.marketwatch.com/story/us-trade-deficit-climbs-to-10-year-high-despite-tariffs-tough-trump-stance-2018-12-06

The US trade deficit is rising against China to US$55.5b.  What does this show?

This means that China tariffs against the US are more effective than the US's tariffs against China because the US's exports to China are declining more than its imports from China.  Furthermore, the US employee's layoffs are increasing because of the trade war.

The US tariffs are hurting the US more than China. Therefore, the longer is the trade war, the more the US consumers will suffer.

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