What, if anything, has U.S. gained from its trade war with China?
What, if anything, has U.S. gained from its trade war with China? BEIJING, CHINA | Xinhua | Though clashing in many ways, the current U.S. administration and its Republican predecessor have one thing in common: the trade war against China. Since the two presidents still seem to believe America’s economy is too reliant on China, has their country gained anything from the years-long trade war? According to the U.S. Department of Commerce, the U.S. goods trade deficit stood at 1.06 trillion dollars in 2023, far higher than that before the trade war, with its trade deficit with Mexico rising by nearly 17 percent year on year. The “Section 301 investigation,” which originated from the Cold War era and Trump initiated against China to start the trade war, is notorious in international trade history.
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