Trump, in call to Xi, expresses disappointment over trade deficit increase

January 16, 2018

President Trump spoke with Chinese President Xi Jinping on Monday and “expressed disappointment” that the U.S. trade deficit with China is increasing, the White House said.

[January 16, 2018 | Inside US Trade]

In a statement on the call, the White House said that in addition to discussing issues related to North Korea, the two leaders addressed “trade issues, and 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,” the statement added.

Read more at Inside US Trade

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  • Bruce Bishop
    Moral suasion can be an effective tool when all other factors are nearly equal. In this case, they are not. Chinese costs are a fraction of our costs, and no amount of consumer-punishing tariffs, or dollar devaluations, will close that gap.

    How can it be that so many economists have gotten away with giving our government bad advice, — that slowly destroyed our manufacturing base — for decades? Can it be that they WANTED to destroy our manufacturing base, and our middle class? Can it be that our politicians were either incompetent, or complicit in destroying our manufacturing base and our middle class? I would guess, some of both.

    While it is true that having a strong leader at the helm will help our economy overall. Trump is such a leader, but he is fighting an uphill battle against the Democrats, the mainstream media, (I know — redundant), the “never-Trumpers” in his own party, and, our massive government bureaucracy, which sees him as an existential threat to their gravy train. I truly believe that Trump is smarter than all of them, but, they will never give up on trying to destroy him — and will gladly sacrifice our economy and our country to achieve that goal.