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Don Lee

Don Lee covers the U.S. and global economy out of Washington, D.C. Since joining the Los Angeles Times in 1992, he has served as the Shanghai bureau chief and in various editing and reporting roles in California. He is a native of Seoul, Korea, and graduated from the University of Chicago.
Trump doesn't talk as much about trade deficits anymore. Maybe because they're getting worse

Conspicuously missing from Trump's statement on new tariffs on Chinese goods is any reference to the large U.S. trade deficit, his favorite measuring stick on trade. Why? For all his tariffs and fiery rhetoric, the U.S. trade has actually widened since he has taken office.

Trump imposes tariffs on $200 billion in Chinese goods, escalating trade war to include many household items

The new tariffs, to take effect next Monday, would initially be set at 10%, but climb to 25% in the new year.

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