Next China: What Trade War?

Next China: What Trade War?

So much for tariffs.China exported an unprecedented $268 billion in goods in November, resulting in a record trade surplus — even with the U.S. That helped cap what's shaping up to be a stellar recovery for the world's second-largest economy as surging demand for masks, gloves and other personal protection equipment contributed to keeping Chinese factories clanking during the pandemic.The latest statistics coming out of Beijing could bode ill for the legacy of the outgoing Trump administration, which used export-import imbalances as its primary justification for waging a years-long trade war with China to make the U.S. more self sufficient. If anything, it appears as though American farmers are as reliant on China today as they've ever been and vulnerable to any sudden changes in Chinese buying patterns. Either way, all things U.S.-China will be one of the biggest things that President-elect Joe Biden will have to re-examine after he's sworn into office just over a month from now. Though he's