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Articles related to "deficit"

Trump promised to win the trade war with China. He failed

  • Hong Kong (CNN Business) - US President Donald Trump started a trade war with China to fix what he's repeatedly blasted as an unfair relationship between the world's two largest economies.
  • Despite Trump's pledge to narrow America's trade deficit by slapping heavy tariffs on Chinese goods, the gap by which imports exceeded exports in August widened to more than $67 billion, its highest monthly tally in 14 years.
  • Trump started off 2020 with a partial US-China trade deal in hand: The two countries agreed to reduce some tariffs and allow Beijing to avoid additional taxes on almost $160 billion of the country's goods.
  • As progress on the US-China trade relationship languishes, tensions between the two countries have escalated in other areas as they blame each other for starting and mishandling the coronavirus pandemic and clash over Hong Kong and alleged human rights abuses in Xinjiang.

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