Another Trump failure based on not understanding business. China is winning the trade war. He’s failed at every business except entertainment and grifting. This is now just a tax on Americans with no benefit. Awesome.
President Trump’s tariffs weren’t enough to hold back the global export flood by China, which pushed past last year’s record in just 11 months.
Tariffs imposed by President Trump on China have caused Chinese exports to the United States to drop by nearly a fifth. But China has throttled back its purchases of American soybeans and other products by almost the same rate, continuing to sell three times as much to the United States as it buys.
China’s $111.68 billion trade surplus in November was its third-largest ever in a single month. The overall surplus through the first 11 months of the year is up 21.7 percent from the same period last year.
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