Title: More pain than gain: How the US-China trade war hurt America
Headings: More pain than gain: How the US-China trade war hurt America
More pain than gain: How the US-China trade war hurt America
Origins of the trade war
Economic costs of the trade war
A more permissive environment for Chinese aggression and suppression
Was the trade war worth it?
Order from Chaos

Content: He said China was responsible for “the greatest theft in the history of the world” and lambasted the U.S. trade deficit with China, which in 2016 stood at around $346 billion. He declared, “We can’t continue to allow China to rape our country.” Building on the image of Donald Trump as the ultimate dealmaker, his campaign released a strategy to reform the U.S.-China trade relationship, in which it pledged to “cut a better deal with China that helps American businesses and workers compete.” Trump laid out a four-part plan to secure a better deal with China: declare China a currency manipulator; confront China on intellectual property and forced technology transfer concerns; end China’s use of export subsidies and lax labor and environmental standards; and lower America’s corporate tax rate to make U.S. manufacturing more competitive. Upon entering office, Trump sought to engage Beijing directly to address structural concerns about China’s economic policies. Just three months into his administration, he met with Chinese leader Xí Jìnpíng 习近平 at Mar-a-Largo, where they agreed to establish a 100-Day Action Plan to resolve trade differences.