Trump’s Trade War with China
NOVANEWS
Trump’s Trade War with China: Imagine What Would Happen if China Decided to Impose Economic Sanctions on the USA?
By Prof Michel Chossudovsky
Global Research
First published in August 2017, Updated March 23, 2018
Author’s Note
President Trump has announced a trade war directed against China. He has duly instructed his administration to impose tariffs on about $50 billion worth of Chinese imports.
His stated objective is to reduce the trade deficit with China.
What Trump does not realize is that the trade deficit with China contributes to sustaining America’s retail economy, it also contributes to the growth of America’s GDP.
Trade sanctions directed against China would immediately backlash against America.
China is not dependent on US imports. Quite the opposite. Amer...
