September 27, 2021
Economy

The US-China Trade Deficit Continues to Grow — But Does it Matter? – BRINK – Conversations and Insights on Global Business

The U.S. trade deficit with China rose 20% in the last 12 months, despite the tariffs imposed by successive administrations. Is this a cause for concern?

Derek Scissors, a China economy expert at the American Enterprise Institute, told BRINK that its significance is often misunderstood.

SCISSORS: There’s a widespread belief that the $300 billion goods deficit with China means a loss of U.S. jobs. But there’s just no evidence of that. 

In fact, the evidence actually goes the other way. 

The Economy Drives Trade, Not Vice Versa in US

When the American economy is growing…

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