BA - Wall Street Breakfast: Who Won The Trade War?

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Who won the trade war?"When a country ((USA)) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win," reads a (now suspended) tweet from President Trump from March 2019. While there are a whole lot of metrics to measure the objective, nearly three years into the battle with China, who's up and who's down in the relationship?Before the dispute began, 23% of all American imports came from China, roughly as much as neighboring Canada and Mexico combined. U.S. goods trade deficit with China reached a record $419.2B in 2018, and while that shrunk to $345M the next year (roughly the same level as 2016), the overall trade deficit did not. Unilateral tariffs

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Wall Street Breakfast: Who Won The Trade War?