Here's how leaders around the world are reacting to President Trump's proposed tariffs on steel and aluminum. The United States exported $130.4 billion in goods to China, but it imported nearly four times as much, running a trade deficit of $375.2 billion, according to the U.S. Census Bureau. Soybeans are one of the top two goods the United States exports to China, along with aircraft and aircraft parts, according to government data. Lardy also said that penalizing China probably would not help U.S. producers, even if the tariffs succeeded in stemming the inflow of goods from China. Trump earlier this month ordered tariffs on imported steel and aluminum, a move U.S. allies and trading partners met with protests and threats of retaliatory tariffs.

Source: Washington Post March 19, 2018 21:28 UTC