Tag Archives: USA Trade | Categories: Economy and Finance

Trump: China not to blame for US trade deficit – By Rosaliene Bacchus

Three Worlds One Vision

US President Donald Trump with Chinese President Xi Jinping - Beijing - China - 9 November 2017

While watching BBC World News America on Thursday, November 9, 2017, I was surprised to hear our president say that he doesn’t blame China for America’s trade deficit with that country. This change of tone occurred during his recent state visit to China.

With President Xi Jinping by his side, President Trump told business leaders inside Beijing’s Great Hall of the People: “I don’t blame China. After all, who can blame a country for being able to take advantage of another country for the sake of its citizens?” [Read the complete news report at BBC Online News.]

While still describing the relationship as “very unfair” and “one-sided,” Trump blamed past US administrations for allowing our trade deficit with China to grow. As indicated in the chart below, showing US Trade in Goods with China 2004-2016, the trade deficit with China was US$266.3 billion (2008) at the end of the Bush…

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