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America's trade gap soared under Trump, final figures show


America’s trade gap soared under Trump, final figures show
POLITICO
2/5/2021
By Doug Palmer
© Delcia Lopez/The Monitor via AP
Former President Donald Trump’s tariffs also imposed higher costs on businesses and consumers.
The U.S. trade deficit over the four years of President Donald Trump’s presidency soared to its highest level since 2008, despite his tough tariff tactics intended to bring it down, a new Commerce Department report showed on Friday.
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The combined U.S. goods and services trade deficit increased to $679 billion in 2020, compared to $481 billion in 2016, the year before Trump took office. The trade deficit in goods alone hit $916 billion, a record high and an increase of about 21 percent from 2016. ....

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How China Won Trump's 'Easy to Win' Trade War – gCaptain


By Bloomberg News –
U.S. President Donald Trump famously tweeted that “trade wars were good, and easy to win” in 2018 as he began to impose tariffs on about $360 billion of imports from China. Turns out he was wrong on both counts.
Even before the coronavirus infected millions of Americans and sparked the steepest economic downturn since the Great Depression, China was withstanding Trump’s tariff salvos, according to the very metrics he used to justify them. Once China got the virus under control, demand for medical equipment and work-from-home gear expanded its trade surplus with the U.S. despite the levies. ....

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How China won Trump's trade war and got Americans to foot the bill


MONEYWEB
app instead?
China’s trade surplus with the US soars as president’s term ends.
By Bloomberg News
12 Jan 2021 
06:38 
President Donald Trump. Image: Win McNamee/Getty Images
US President Donald Trump famously tweeted that “trade wars are good, and easy to win” in 2018 as he began to impose tariffs on about $360 billion of imports from China. Turns out he was wrong on both counts.
Even before the coronavirus infected millions of Americans and sparked the steepest economic downturn since the Great Depression, China was withstanding Trump’s tariff salvos, according to the very metrics he used to justify them. Once China got the virus under control, demand for medical equipment and work-from-home gear expanded its trade surplus with the US despite the levies. ....

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How China Won Donald Trump's Trade War And Got Americans To Foot The Bill


How China Won Trump s Trade War And Got Americans To Foot The Bill
Donald Trump famously tweeted that trade wars are good, and easy to win in 2018 as he began to impose tariffs on about $360 billion of imports from China. Turns out he was wrong on both counts.
Updated: January 12, 2021 7:07 pm IST
Compared with tariffs, an escalating conflict over technology is of more concern to China
Supply Lines is a daily newsletter that tracks Covid-19 s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic.
U.S. President Donald Trump famously tweeted that trade wars are good, and easy to win in 2018 as he began to impose tariffs on about $360 billion of imports from China. Turns out he was wrong on both counts. ....

New York , United States , Fordham University , Republic Of , World Bank , District Of Columbia , Syracuse University , Donald Trump , Michael Waugh , Mark Cohen , Joe Biden , World Trade Organization , Huawei Technologies Co , Us Census Bureau , Federal Reserve , Regional Comprehensive Economic Partnership , Semiconductor Manufacturing International Corp , York University Stern School Of Business , American Chamber , University Of Minnesota , Us Companies Stay , Rhodium Group , National Bureau Of Economic Research , How China Won Trump , Great Depression , Mary Lovely ,