Aside from the tariffs though, President Trump has also now asked China to reduce their trade deficit with the United States by 100 billion dollars this year.
China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States.
In short, the trade deficit causes domestic unemployment, increases inequality, lowers domestic standard of living, and makes us weaker politically and less free.
For a more detailed analysis, read our comprehensive piece on how the trade deficit harms the economy.
By getting China to address our trade deficit, it creates an impetus for them to start trading fairly.
Another giant problem with trade with China is the gross intellectual property theft they commit.
America loses $500 billion annually from international intellectual property theft, and China itself is responsible for $360 billion of this.
https://nationaleconomicseditorial.com/2018/03/09/trump-china-trade-deficit/
China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States.
In short, the trade deficit causes domestic unemployment, increases inequality, lowers domestic standard of living, and makes us weaker politically and less free.
For a more detailed analysis, read our comprehensive piece on how the trade deficit harms the economy.
By getting China to address our trade deficit, it creates an impetus for them to start trading fairly.
Another giant problem with trade with China is the gross intellectual property theft they commit.
America loses $500 billion annually from international intellectual property theft, and China itself is responsible for $360 billion of this.
https://nationaleconomicseditorial.com/2018/03/09/trump-china-trade-deficit/
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