Do you the figures on how much we export to China vs how much we import from them?
This thing they like to call “trade imbalance” is a false alarm, like what they use to jack up minimum wage.
How did tiny little resource-poor Hong Kong get to be an economic giant? By setting up tariffs on every import because they were importing more than they were exporting? No. By letting the voluntary cooperation of the free market economy run its course, Hong Kong accumulated wealth over time by buying and selling on the open market, regardless of “trade imbalance.” The key was NO GOVERNMENT INTERFERENCE. The same is true with us today. As Reagan used to say, “Government is the problem, not the solution.” It is the feds with their minimum wage, union protection, and tonnage of useless, costly regulations that drive business away from the U.S.
Tariffs, which is more government interference, completely fail to address those DIRECT CAUSES and in fact make the problem worse, as the feds always do in meddling with economic matters.