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Tag Archives: Trade war has failed

U.S. trade deficit grows to $64B, highest in 12 years

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PortandTerminal.com, September 4, 2020 Despite bloody trade wars and a renegotiation of NAFTA with Canada and Mexico, America’s trade deficits remain stubbornly high. WASHINGTON – After narrowing in the early months of the year due to coronavirus shutdowns, the gap between what the United States buys from the rest of the world and what it sells widened to its highest level …

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Trade War failed to force Businesses Out of China

Photo of Chinese factory workers, mostly women, working at a sewing factory while wearing blue uniforms

Bloomberg, December 9, 2019 The U.S.-China trade war has failed to force businesses back to the U.S. from China, as most of them have found ways to avoid or endure the cost of tariffs amid the protracted spat, according to European companies operating in the world’s second-largest economy. The conflict has forced some large European companies to relocate U.S.-bound production …

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