China's $1 Trillion Trade Surplus: What to Know as Trump Takes Office
Briefly

China's trade surplus of almost $1 trillion reflects a global trade dynamic where American policies could inadvertently worsen the U.S. trade deficit overall if tariffs are selectively applied.
Raising tariffs only on Chinese goods may not significantly reduce America's overall trade deficit since many other countries also run surpluses with the U.S.
Read at www.nytimes.com
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