The following article by David J. Lynch was posted on the Washington Post website February 6, 2018:
The trade deficit with China hit a record high in 2017, defying President Trump’s repeated promises to shrink a number that he regards as a test of whether other nations are treating the United States fairly.
U.S. purchases of Chinese goods and services last year were $375 billion greater than Chinese orders from the United States, the Commerce Department said Tuesday.
Release of the new trade figures came one week after the president boasted in his State of the Union address that the United States had “finally turned the page on decades of unfair trade deals that sacrificed our prosperity and shipped away our companies, our jobs and our nation’s wealth.” Continue reading “Trump said he’d shrink the trade deficit with China. It just hit a record high.”