from Statista.com
— this post authored by Dyfed Loesche
U.S President Trump tweeted that “trade wars are good, and easy to win” last month.
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In reality, wars of any kind have only one universal aspect: they cause casualties. The United States has implemented new tariffs on steel and aluminum, and not granted China any exemptions (unlike other trading partners).
China now has retaliated by announcing trade tariffs on 128 American-made products including wine, fruit, and pork products. The below chart, with figures compiled by the Congressional Research Service (IRS), indicates that the overall export value of other American goods shipped to China is higher.
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