The U.S.-China trade war can be seen through the lens of President Trump’s keen sense of media-friendly populism as a series of TV seasons using the latest U.S. trade data for July. The pilot episode in early 2017 featured a 100 day negotiation that ended with a deal for China to buy more agricultural and energy products. While Chinese imports of those products rose 20.7% in calendar 2017 versus 2016 there’s been a subsequent collapse to half their 2016 levels in the 12 months to Jul. 31. The first full season of the trade war featured the section 301 investigation from Aug. 2017 through...
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