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The U.S. trade deficit with China rose 20% in the last 12 months, despite the tariffs imposed by successive administrations. Is this a cause for concern?
Derek Scissors, a China economy expert at the American Enterprise Institute, told BRINK that its significance is often misunderstood.
SCISSORS: There’s a widespread belief that the $300 billion goods deficit with China means a loss of U.S. jobs. But there’s just no evidence of that.
In fact, the evidence actually goes the other way.
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