https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_Chinahttps://en.wikipedia.org/wiki/United_States_balance_of_tradehttps://www.bbc.com/news/articles/c20zd4k6d36ohttps://www.bbc.com/news/articles/c4g2089vznzohttps://tradingeconomics.com/united-states/balance-of-trade US started having trade deficits since 1970s and grew to become the country with largest trade imbalance by far. US imported $440bn from China; China imported $145bn from America….
104% tariff sounds scary, but it’s not. China will find $145bn of “premium” goods from other countries, US will try hard to find $440bn of “cheap” goods elsewhere.
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