With the U.S. presidential campaign heading into the home stretch, President Donald Trump will surely try to tout his record on economic issues. But the numbers don¡¯t speak well of his policies. Unfortunately, the approach of his rival, Joe Biden, threatens to make some of the same mistakes.
Trump was elected in 2016 on a promise to restore American competitiveness, revitalize the flagging manufacturing sector, and reduce gaping trade deficits. But even before the pandemic, his trade war looked decidedly less than successful.
Despite a massive slate of tariffs that mostly began in the second half of 2018, the U.S.-China bilateral trade deficit barely budged, if at all:
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.