, Columnist
U.S. Earns More in China Than Trade Numbers Reveal
That leaves American companies vulnerable to retaliation by Beijing. It also gives them more reason to defuse trade tensions.
Apple sells more iPhones in China than in the U.S.
Source: VCG via Getty ImagesAmerican companies are doing much more in China than the U.S. trade deficit suggests. It's their greatest weakness.
The deficit, the difference between what the U.S. imports from China and what it exports there, widened to $375 billion last year. It sounds like a lot. President Donald Trump and others take it as evidence that the relationship between the world's two largest economies is out of whack.