Economics
Trump-China Trade Clash Fears Flare Anew One Year Later
- What we feared last year may happen this year: Deutsche Bank
- China pledges ‘all necessary measures’ against protectionism
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The next month will be crucial in signaling whether U.S. President Donald Trump’s threats to get tough on China over trade turn from rhetoric into reality.
A year into his presidency, Trump has failed to stem growth in China’s trade surplus as an economic upswing in the U.S. fuels imports from the world’s factory floor. Yet the kind of punitive actions threatened during his campaign haven’t materialized, with Trump ordering his administration to study the challenges instead of slapping on tariffs from the get-go. Now, a raft of China-targeted trade decisions are piling up on Trump’s desk as the deadlines for those assessments loom.