Big U.S.-China Trade Deficit Is Smaller Than It Appears - Bloomberg

Big U.S.-China Trade Deficit Is Smaller Than It Appears - Bloomberg



The aforementioned value-added trade data also tell us that only 0.7 percent of U.S. GDP depends on Chinese consumption of American-made goods and services, while 3.1 percent of China’s GDP is derived from U.S. demand. So, in any tariff battle, China would likely suffer more.