Imperfect competition

“The US is actually the least protectionist of any major country, and China is one of the most protectionist”


Wilbur Ross

America’s Commerce Secretary Wilbur Ross told media in Hong Kong that restrictions were to blame for the $347 billion US trade deficit with China. He also complained that 360 out of 400 Chinese robotics companies received subsidies last year, although on the upside he said “good personal relations” between Xi Jinping and Donald Trump “could help resolve differences”.

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