The Trump's Tariffs on China Are Doing The Exact Opposite of What They're Supposed To Do in Essence
Trump’s tariffs on China are doing the exact opposite of what they’re supposed to By gowidenews October 12, 2018 Report reaching us says, Donald Trump’s tariffs on China are going great, the US president assured the world yesterday. “Their economy has gone down very substantially,” Trump said on Fox & Friends. The numbers tell a different story. In September, Americans bought $34 billion more worth of Chinese goods than they sold in return, according to data from China’s customs agency published this morning. That’s the biggest monthly trade surplus the Middle Kingdom has ever run with the US. “Ummm…record trade SURPLUSES for China weren’t supposed to be the outcome of the US-China trade war,” says Trivium, a Beijing-based research firm, “but so far the Trump administration’s policies are leading to a strong dollar and surging Chinese exports.” Indeed, the country’s exports to the US were up 14% from September 2017, while its purchases of American goods fell by 2%, compared to...