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Trade war between US and China lasts nearly since Trump's election. One of claimed goals was to shorten US trade deficite.

There is a hoard of different news and bright claims about trade war, but what is in total? Was deficite shortened and how much, if so?

I'm really lost in all information about this trade war, so, I wonder, is it?

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The trade deficit has been increasing:

2015: $745B
2016: $735B
2017: $793B
2018: $874B
2019 (as of July): $505B or $865B if pro-rated (I just did a simple pro-rating, without taking into account seasonal trends).

https://www.census.gov/foreign-trade/balance/c0004.html

The numbers for China specifically are below, but the trade deficit between two specific countries is a largely meaningless number. Targeting Chinese imports can decrease the US trade deficit with China without affecting the overall US trade deficit, or the overall Chinese trade surplus, or US' reliance on Chinese exports. If we are switching to importing goods from other countries, those goods will still be part of the global economy, and will be affected by China. And of course, the idea that trade deficits are "bad" is rather simplistic.

2015: 367
2016: 346
2017: 375
2018: 419
2019: 199 (341 pro-rated)

https://www.census.gov/foreign-trade/balance/c5700.html

| improve this answer | |
  • Shifting the US trade deficit from one foreign country to another might actually be a (2nd best) goal of Trump's policies. More explicitly, he may prefer to import from Vietnam rather than from China, for other non-economic, strategic reasons. He tweeted (on Aug 23) that "Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA." There is a lot of news media commentary on the US-China "decoupling" as a Trump policy target. – SX welcomes ageist gossip Sep 10 '19 at 2:40

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