Trump says winning trade wars is easy.

Trade War Theory vs Practice

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​What's supposed to have been "easy" has turned out quite differently.

Record Monthly Deficit

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Full Year Trade Imbalance Hits New Record

Please note the US trade deficit with China grows to a record.

  • China’s trade surplus with the U.S. — closely watched amid the tariff war between the two countries — grew 17 percent from a year ago to hit $351.76 billion in 2018. [Note this was originally posted as $323.23 billion]
  • Exports to the U.S. rose 11.3 percent year on year in 2018, while imports from the U.S. to China rose 0.7 percent over the same period.
  • The deficit that the U.S. has with China is likely even bigger than these figures indicate since China calculates the numbers using different methods, sometimes excluding goods that end up in the U.S. via other countries.

Despite a massive global slowdown in autos, auto parts imports keep rising. Note that US Auto Overcapacity is 10 Plants with 20,000 direct jobs on the line.

Amid talk of the greatest trade deal ever, President Trump will likely sign a deal with China by March. It won't solve much, if anything.

Mike "Mish" Shedlock

Currency War or Trade War? Two-Edged Dilemma for US and China

Does China (Trump) want to fight a trade war or a currency war?

Who Will Win the Trade War? Some Say China, Others Say Trump

Stories abound regarding who will win Trump's trade war with China. Trump? China? Neither? Both?

Trump's Trade War With China: The US is Not Winning

Think trade wars are easy to win? Think again.

Car Manufacturers Caught in Crossfire of Trump's Trade War

The global repercussions of Trump's trade wars have a new casualty: US and European car manufacturers.

Trump and China to Sign Trade War Ceasefire on Wednesday

On Wednesday, the US and China will sign a compromise deal that will calm but not end a two-year trade war.

Trump Asks the Fed Start a Currency War With China

To win his trade war, Trump seeks a currency war.

Investigating Trump's Trade War Through the Eyes of China

Let's take a look at how China sees the escalation of the trade war as described by the Xinhua News Agency in Beijing.

“America First” in Practice: Boeing, a Major Casualty of Trade War With China

Trump and his team, led by trade czar Peter Navarro, are itching for trade wars with Mexico, China, and Germany, if not the whole world.

Trade War With China Morphs Into Currency War: Biggest Loser is the EU

Those who think "trade wars are good and easy to win" need to stop and reflect on currency wars.