On Tuesday, the United States and the European Union are scheduled to hold a summit to discuss economic recovery in Europe.
But what’s really at stake in the discussions is how they can address a fundamental problem for the U.S. economy, which is the impact of a global trade war and rising inequality on the country’s middle class.
While the trade deficit with China and its rapidly growing economy has long been a top concern for many Americans, President Donald Trump has also been under pressure to do something to stem the rise in the U.
“The trade deficit is one of the major causes of the problems,” said John R. Linder, professor emeritus at the University of Southern California and author of The New Global Trade.
“It’s a very large and growing problem, and it’s a problem that’s been on the agenda for quite a while.”
While Trump and his team have made strides in addressing the issue, the real work in the White House to address the issue is yet to begin.
Lender said the Trump administration is not taking the trade problem lightly.
“We’re not just talking about trade deficits,” Linder said.
“We’re talking about the impact on our own people.
The trade deficit, the jobs deficit and the wages gap, they’re all related.
So, if the trade issue is not being addressed, it’s going to have a huge impact on the lives of people.”
In an effort to address both sides of the trade battle, Trump announced Tuesday that he is directing his administration to work to boost trade with China, a key U.N. member that is the largest trading partner of the U, and other countries that are the world’s second-largest consumers of the country.
The trade push has come in response to Trump’s decision to impose tariffs on $350 billion worth of Chinese goods, including aluminum and other raw materials.
While the new tariffs are not expected to have any significant impact on trade with the United Kingdom, the White.
Sue Masters, the U-S.
Trade Representative, said the new measures will help protect American jobs, which are vital to the U’s economy.
“It is vital that we continue to make our economy more competitive by supporting American companies that are building factories here and hiring American workers,” Masters said.
The new measures are aimed at addressing the effects of the tariffs on the production of goods and services.
Masters said the measures will also help the Us reduce trade deficits with other countries, particularly with China.
“What we’re trying to do is, as a nation, we’re going to continue to have an economic impact on these other countries and we’re hoping to have those kinds of opportunities as a result of these new measures,” Masters told reporters Tuesday.
China’s trade deficit grew to $1.5 trillion in 2016 from $600 billion in 2015.
Its economy accounts for nearly two-thirds of the world economy.