From WSJopinion: It turns out China depends more on exports to the U.S. than American firms do on Chinese imports, write AndyPuzder and BillHagertyTN
The U.S. and China signed a “phase one” trade deal Wednesday—a meaningful victory in an economic conflict that’s been building for decades. The agreement is a credit to President Trump’s China strategy and a mark against his detractors.
When Mr. Trump took office, he quickly implemented targeted tariffs to pressure China into ending its abusive trade practices. Critics relentlessly assailed that decision. They contended that his “trade war” would crash the U.S. economy.
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