A tugboat guides a cargo ship into the Port of Long Beach in Long Beach, California. The US wants to cut its US$375 billion bilateral merchandise trade deficit with China by US$100 billion. Photo: Bloomberg A tugboat guides a cargo ship into the Port of Long Beach in Long Beach, California. The US wants to cut its US$375 billion bilateral merchandise trade deficit with China by US$100 billion. Photo: Bloomberg
A tugboat guides a cargo ship into the Port of Long Beach in Long Beach, California. The US wants to cut its US$375 billion bilateral merchandise trade deficit with China by US$100 billion. Photo: Bloomberg
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

Dear Trump, fix the books, not China, to cut deficit

Some accounting adjustments could let US leader claim economic victory without having to toss out his deficit-adding tweet machine of choice – the iPhone

A tugboat guides a cargo ship into the Port of Long Beach in Long Beach, California. The US wants to cut its US$375 billion bilateral merchandise trade deficit with China by US$100 billion. Photo: Bloomberg A tugboat guides a cargo ship into the Port of Long Beach in Long Beach, California. The US wants to cut its US$375 billion bilateral merchandise trade deficit with China by US$100 billion. Photo: Bloomberg
A tugboat guides a cargo ship into the Port of Long Beach in Long Beach, California. The US wants to cut its US$375 billion bilateral merchandise trade deficit with China by US$100 billion. Photo: Bloomberg
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Tom Holland

Tom Holland

Tom Holland is a former SCMP staffer who has been writing about Asian affairs for more than 25 years