#trump-trade-threat

#trump-trade-threat

"First of all, the Chinese have huge direct support for their auto companies. They have enough capacity in China to cover all the manufacturing, all the vehicle sales in the United States."

President Trump hates the United States' trade deficit. Indeed, he is so concerned about the "economic and national security risks" the deficit creates that he imposed a tariff regime that raised geopolitical tensions across the globe.The only problem is that his tariffs don't appear to be rebalancing the huge volume of goods and services the U.S. imports, versus its declining exports.