Trump’s China tariffs massively backfire as trade deficit smashes record high

[phands]

I'm sure bedbug and friends will still claim this as a victory, followed by some excuse about it not having had enough time yet. But, like everything the orange shitgibbon touches, it's a failure.....

President Donald Trump regularly cites the United States’ massive trade deficit with China as a primary justification for his decision to implement tariffs.


However, the Washington Post reports that the United States’ trade deficit with China has only widened since the implementation of tariffs and hit a record-high $34.1 billion, according to Chinese statistics released this week.


“It’s obvious that the immediate effects of the trade war are the exact opposite of what the Trump administration had been planning,” Andrew Polk of Beijing-based research firm Trivium China tells the Post. “We expect the dynamic to change once we get a bit deeper into this, but for now China is trying to outrun the next round of tariffs.”

https://www.rawstory.com/2018/10/tr...y-backfire-trade-deficit-smashes-record-high/

 

[RVonse]

Canada must know something you and your article don't. The totalitarian mercantilist Chinese government wants to dump on other countries now since the US has finally stood up to them.

https://business.financialpost.com/...a-and-other-countries-to-ward-off-dumping/amp

 

[laughing dog]

Canada must know something you and your article don't. The totolaritari

https://business.financialpost.com/...a-and-other-countries-to-ward-off-dumping/amp

Your response is a non-sequitur. Your cited article does not rebut the claim that the US trade deficit with China has widened with the Trump tariffs.

 

[phands]

Canada must know something you and your article don't. The totalitarian mercantilist Chinese government wants to dump on other countries now since the US has finally stood up to them.

https://business.financialpost.com/...a-and-other-countries-to-ward-off-dumping/amp

Bedbug, did you even read the sub-headline of the article you linked to? It clearly states that problem is caused by the tangerine turd's lunatic trade war.

 

[Loren Pechtel]

Chinese statistics? Sorry, but they're known to cook the books.

While it wouldn't surprise me if this is true I wouldn't trust their data to show it.