"They raise the already high risk of new U.S. tariffs on Chinese imports, almost certainly to be quickly followed by a carefully targeted Chinese response," says Mary Lovely, professor of economics. "Unfortunately, while destructive of jobs both here and in China, these responses will not move the needle on the U.S. trade deficit." Read more in the Washington Post article, "Trump said he’d shrink the trade deficit with China. It just hit a record high." 02/07/18