Trump appears to be winner in a (would be) Trade War with China

Trump tariff plan, was an elaborate bluff intended to rise American export to China. It became obvious after the two nations released a joint statement on Saturday. The huge trade deficit of US will be gradually reduced by having China purchase more American goods. China will advance relevant amendments to its laws and regulations and change it Intellectual Property laws in favor of the deal.

“There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China. To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services. This will help support growth and employment in the United States.”

Reducing a trade deficit, primary in China-US trade, was one of the key promises of Trump campaign. It appears that he is on track with it.

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