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?
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.
The Economy Drives Trade, Not Vice Versa in US
When the American economy is growing quickly, we import more, our deficit rises, and we have higher…