The US-China Trade Deficit Continues to Grow — But Does it Matter? – BRINK – Conversations and Insights on Global Business
Workers prepare parcels for delivery at a warehouse in Beijing, China. The first half of this year compared to the first half of 2019 shows that while tariffs expanded, U.S. imports from China actually rose.
Photo: Kevin Frayer/Getty Images
The U.S. trade deficit with China rose 20% in the last 12 months, despite the tariffs imposed by successive administrations. Is this a cause for concern?
Derek Scissors, a China economy expert at the American Enterprise Institute, told BRINK that its significance is often misunderstood.
SCISSORS: There’s a widespread belief that the $300 billion goods deficit with China means a loss of U.S. jobs. But there’s just no evidence of that.
In fact, the evidence actually goes the other way.
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