Fact Check: Trade in goods deficit China lower in 2020 than in 2016

KNSS News
October 22, 2020 - 9:27 pm
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Americans for Limited Government President Rick Manning today issued the following statement debunking former Vice President Joe Biden’s claim that the trade deficit with China is higher when it isn’t:

“The U.S. trade in goods deficit with China is $31.7 billion lower than in first eight months of 2020 than it was in the first eight months of 2016, according to U.S. Census Bureau data. Former Vice President Joe Biden is simply lying, just like he did in the first debate. The Trump administration has levied 25 percent tariffs on $250 billion of Chinese goods and another 7.5 percent on the remaining $300 billion of goods, and even got China to agree to a phase one trade agreement while leaving those tariffs in place. Trump got tough on China. Biden, in contrast, voted for permanent normal trade relations with China, and helped close a sweetheart deal with a 2013 Memorandum of Understanding with China that let 156 Chinese companies to be listed on U.S. exchanges with a market cap of $1.2 trillion.”

To view online: https://getliberty.org/2020/10/fact-check-trade-in-goods-deficit-china-lower-in-2020-than-in-2016/ 

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