US trade disputes are likely to escalate after the midterms

“Looking further ahead, the Chinese and the European trade surpluses with the U.S. will be kept on an upward trend by widening economic growth differentials” writes unknown author for Last year, China and the European Union accounted for 53 percent of the American merchandise trade deficit.In the first eight months of this year, their U.S. business continued to flourish and the combined Chinese and European surpluses came in at two-thirds of the U.S. trade gap.

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