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
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