Trade War Losses For the US and China Grow Into the Tens of Billions of Dollars

There may be winners and losers from a political point of view when it comes to the trade war between the U.S. and China. But the latest data shows that economically, both sides are losers. And they can help explain why there is more talk of a deal: Losses are mounting into the tens of billions of dollars for the U.S. and China.

Politically, President Donald Trump can boast that China has lost far more than the U.S. in dollar terms. Compared with the first nine months of last year, trade data released Tuesday showed U.S. imports from China have fallen a sharp $53 billion. U.S. exports to China are down just $14.5 billion.

But the U.S. exports much less to China than it imports. So even the much smaller drop is a bigger percentage fall...

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