When did the US-China trade war start?During his 2016 presidential campaign, Donald Trump promised to reduce the trade deficit with China.The United States and China are the two largest economies in the world and bilateral trade between them totalled almost US$559 billion in 2019. However, that trade has been lopsided, with the US running a large and growing trade deficit with China. The US’ trade shortfall rose toUS$378 billion in 2018, up from US$103.1 billion in 2002.The US-China trade war…
Source: US-China trade war: was the phase-one trade deal a ‘historic failure’, and what’s next?
