Trump Talks Tough on Trade, But Americans Keep Buying Chinese
While Donald Trump, on the campaign trail and early into his presidency, talked tough on China -- threatening to slap steep tariffs on Chinese goods and to label the country a currency manipulator -- he’s taken no discernible action. Now his administration is considering fresh plans to punish China by ordering an investigation into what the U.S. perceives as Chinese violations to intellectual property that could lead to tariffs or other punitive measures. Observers are opining this approach would have the potential to ignite a full-out trade war. But the trade data indicate for now that private industry isn’t too worried. So far in 2017, U.S. imports of Chinese goods grew at the fastest pace in five years.