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The U.S. and Chinese flags. VCG via Getty Images Which U.S. president – Donald Trump, Joe Biden, Barack Obama or George W. Bush – has been the best of China and export-import trade results? With increasing tension between the world’s two largest economies – over rare earth minerals, over Chinese students at U.S. universities – it is worth taking a look at some data points, some obvious, some less so. Let’s start with an obvious one. Which of the four U.S. presidents reduced the U.S. trade deficit with China the most in a single term? Donald Trump. Maybe you guessed that one. Some less obvious ones are coming. The U.S. deficit with China, through the years, shows a steady progression. Both President Trump and … More President Biden were able to reduce it, Trump during his first term and Biden when he succeeded him. ustradenumbers.com During Trump’s first term deficit declined $38.86 billion. Using U.S. Census Bureau data, I calculated the difference from the last full year of President Barack Obama’s term, 2016 – a “ground zero” or starting point for Trump – and the last full year of his first term, 2020. That decline was from $346.83 billion when Obama left office in 2016 to $207.97 billion in 2020, Trump’s last full year during his first term. President Trump. Getty Images Looking solely at this measure – and too many people do – Trump could fairly be described as the most successful U.S. president in handling the trade relationship with the world’s second-largest economy since China’s ascension into the World Trade Organization at the turn of the century. And while Covid-19 played a factor in lowering the deficit, since it briefly shuttered the U.S. and global economies, the main factor was the tariffs Trump placed on almost all imports…

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Filed under: News - @ May 31, 2025 9:08 am