Tag: US/China Trade War

NOVANEWS By Stephen Lendman   Trade wars assure losers, not winners. So far, Trump announced tariffs on imported solar panels and modules, washing machines and parts, steel and aluminum fall far short of waging one. At the same time, his rage to reduce America’s trade deficit with China could launch a bilateral one hurting both countries. Countless numbers of US corporations moving production and other facilities to China caused the growing trade gap between both countries. Companies seek a comparative advantage by producing goods or services where production and other costs are cheaper – a lower opportunity cost of doing business. The Trump administration would be delighted if foreign companies produced more from US plants than elsewhere. China is attractive for foreign comp...