Expert: Trump is 'determined to bite somebody' — China is the most likely target [CNBC]
IHS Markit Ltd. Common Shares (INFO)
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Source: CNBC
show chapters A year after President Donald Trump took office, the United States ' trade deficit with China looms larger than ever. Although both countries calculate the gap differently, the latest data from Beijing indicates a trade differential at a record high of $275.81 billion in 2017. That figure does not bode well for bilateral relations, which many expect to take a turn for the worse in 2018 after a year of relative inaction from Trump. The prevailing view in Washington now is that, this year, he is determined to bite somebody, and China is the most likely target, William Reinsch, the former president of the National Foreign Trade Council, told CNBC. Trump himself told Reuters in an interview on Wednesday the U.S. was considering a big fine as part of a probe into China's alleged theft of intellectual property. Experts in China are also widely expecting trade tensions to ratchet up. Tu Guangshao, vice chairman and pre
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