One major goal of President Donald Trump’s trade war with China is to send more US-made products there than Chinese companies export here.
But so far it looks like that plan isn’t working — and it could become politically costly for Trump.
America’s trade deficit with China reached a new high — $34.1 billion — in September. That’s a 13 percent increase compared to last year and is the second-straight record month after a deficit of $31 billion in August.
China’s trade surplus with US hit a record high. That’s bad news for Trump.
At least for now.
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