A common theme amongst trade war proponents is that because China sells more stuff to the US than the US sells to China, tariffs will hurt China more than the USA. It is true that China sells more stuff to the US than it buys. In 2017, China imported $129.9 billion from the U.S, but they exported $505.5 billion worth of goods to the US. If we only looked at those numbers, no doubt the … read more Newsletter #174—Tit for Tat