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US imposes 104% tariffs on Chinese goods effective immediately
(m.economictimes.com)
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this post was submitted on 08 Apr 2025
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False.
https://ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china
From your source, the last sentence is
Doesn't that confirm their assertion of a $200B+ trade deficit or am I confused? I'm not particularly economics savvy.
Edit: derp, I reversed the meaning of their comment, they thought the US has the deficit. They got it backwards!
What you just posted indicates there is actually a $300 billion deficit with China, which makes their point even more pronounced. China has much more to lose in terms of wealth from trade with the US.
Trump is still a dumbass and we're all the losers in this fiasco though. There are legitimate benefits to trade and sometimes things shouldn't be even.
What is with the down votes? The trade deficit is literally $295 billion for 2024.