Summary: A standout feature of Donald Trump’s presidency has been his tough approach to China on trade. Trump has demanded that China even out a lopsided U.S. trade deficit with China and buy more American products. As leverage, Trump has imposed tariffs on Chinese imports that cost U.S. businesses and consumers around $54 billion per year. Trump’s “phase one” trade deal with China from earlier this year was supposed to include a big boost in Chinese purchases of U.S.
