Name: Why the US isn't winning the trade war with China | FT
Uploaded: 2019-08-18T06:05:43.000Z
Duration: 2 min 8 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Donald Trump tweeted this week that the US-China trade war

attract massive amounts of money into the US

But key data from the trade war is telling an almost

it is very difficult to make the argument

In the year to the end of June, US exports to China

actually grew a little, rising one per cent or $4bn.

In July, according to numbers just announced,

China's surplus with the US grew still further,

and over the first seven months of the year,

China's total surplus was worth a hefty $168bn.

This is exactly the outcome that Mr Trump

imposed a flurry of tariffs against China last year.

And the relative lack of pain being felt by China

why Beijing seems fairly nonchalant when it comes

It's clear that Washington wants to talk.

Larry Kudlow, the top White House economic advisor,

He also held out the possibility that there

could be some softening in Mr Trump's threat

this month to impose new tariffs on Chinese goods worth $300bn.

For now though, Beijing is not sounding too keen

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Why the US isn't winning the trade war with China | FT

massive

determine

lack

keen