Trump is known for taking strong stances when making announcements. One of his recent measures involves increasing import tariffs on Chinese goods with the aim of protecting the US economy and reducing the massive trade deficit with China. With this strategy, Donald Trump seems to be pursuing a strong protectionist approach to address the economic imbalance with China. However, Maximilian Mayer, a China expert at the University of Bonn, points out that during Trump’s first term, the US trade deficit with China grew by a substantial 200 billion dollars— a situation that cost many jobs in the US.
Maximilian Mayer on potential deals between China and the USA Maximilian Mayer on potential deals between China and the USA
The new US president has announced high import tariffs on Chinese products to protect the US economy and reduce the trade deficit with China. China expert Maximilian Mayer points out that during Trump’s first term, the US trade deficit with China grew by 200 billion dollars, costing many jobs in the US.
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Maximilian Mayer on potential Deals with the USA and China
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Links
- https://www.freitag.de/autoren/der-freitag/china-usa-trotz-der-galligen-rhetorik-donald-trumps-sind-neue-deals-moeglich
- https://www.cassis.uni-bonn.de/de/ueber-uns/alle-mitarbeiter/mayer
- https://www.cassis.uni-bonn.de/en/media-contributions/weber-oelpreise-trump
- https://www.cassis.uni-bonn.de/en/media-contributions/trump-nato-militarycosts