Our Huge Trade Deficit With China Does Not Give Us The Upper Hand In Tax (Tariff) War – OpEd

Many reporters and commentators have claimed the United States has the upper hand in a trade war with China because we have a large trade deficit with China. We import almost $440 billion a year in goods from China, while they import only a bit over $140 billion from us. That means we can impose tariffs on far more Chinese goods...