For years, President Trump has railed against the threat of Chinese trade. China, he said, was operating on an uneven playing field, using unfair trade practices that supposedly harm the U.S. economy, steal American jobs and contribute to a vast trade deficit that now stands at $375 billion.
“The current trade imbalance is not acceptable,” Trump said during a speech before Asian leaders and dignitaries in Vietnam last November. “The United States will no longer turn a blind eye to violations, cheating or economic aggression. Those days are over.”