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their behavior and what do we do in response? i think this does have a good chance of ending without turning into a trade war because it is against everyone s best interest. i am optimistic that this is the right thing to do and it could play out but i will say one big concern i have. china has a different way of fighting against the us. we borrow, we have a trade deficit but we also have a budget deficit. we borrow starting next year, what will be over $1 trillion per year because we re spending so much more than we take in at the federal government. because we don t have an isa finance we borrow a lot to finance the deficit from abroad. china is our number one lender could have another, we have a point of vulnerability there. which is that they make any rumblings about not limited to the us as they have been, concerns about a trade war pale in comparison of how vulnerable we are. they did that a few weeks ago. potentially they were going to

Trade deficitBudget deficit1 trillionVisa financeTrade war pale