Posted on 01/16/2018 7:55:00 PM PST by cba123
WASHINGTON – President Donald Trump warned his Chinese counterpart, Xi Jinping, that Washington's trade deficit with China "has continued to grow" and that the situation "is not sustainable," the White House reported Tuesday.
Trump and Xi spoke by telephone late Monday night in Washington, when it was already Tuesday morning in Beijing, and also discussed diplomatic progress on the Korean peninsula.
"President Trump expressed disappointment that the United States' trade deficit with China has continued to grow. President Trump made clear that the situation is not sustainable," said the White House in a statement after the call.
The US trade deficit with China increased by 13 percent in 2017, the first year of Trump’s presidency, to 1.87 trillion yuan ($288 billion), according to official figures released last Friday in Beijing.
Meanwhile, the US Department of Commerce reported in early January that the negative trade balance between the US and China totaled $344.4 billion between January-November 2017, with figures for December still being unavailable at the time.
(please see full article, at the link)
(Excerpt) Read more at laht.com ...
Nobody else is.
Again? WTF will he do. he needs them against NK.
Tariffs are our best friend.
30% on all Chinese imports, 20% if they disarm NK.
“Trade Deficit” is a left-wing stat for economic illiterates. So far, Trump has done many great things. I hope he doesn’t fall into this BS.
No it is not a left-wing stat for economic illiterates.
Wow.
Just wow.
Let me guess - you’re a free traitor?
Our trade imbalance with the PRC is exactly what is funding their entire government and military. Tell us how that is meaningless, enlightened one?
You’re the one spouting BS.
Tariff time.
Fixed it for you.
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