US President Donald Trump has vowed on the campaign trail to eradicate a yawning trade deficit with China that he claimed showed the inequities in the global trading system. Photo: Bloomberg
US trade deficit with China wider than May 2016, when Donald Trump accused China of ‘greatest theft in history’
- The US trade deficit with China was 9.15 per cent wider in July 2020 than May 2016, when President Donald Trump accused China of ‘raping’ the US on trade
- After narrowing in the early months of the year due to coronavirus shutdowns, the deficit has recovered in recent months
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US President Donald Trump has vowed on the campaign trail to eradicate a yawning trade deficit with China that he claimed showed the inequities in the global trading system. Photo: Bloomberg
