The contradiction at the heart of Trump's trade war

The Trump administration is caught between two ideas of victory in the trade war. And neither works.

President Trump.
(Image credit: Illustrated | WANG ZHAO/AFP/Getty Images, Win McNamee/Getty Images, grafikazpazurem/iStock)

President Trump's trade war with China has entered the winter of its discontent. The U.S. and China imposed another round of tit-for-tat tariffs on one another earlier this summer, and the White House is threatening more duties on Chinese exports to come. Our trade deficit with China, which Trump consistently rails against, shows no sign of closing. The president's approval ratings are down, and the recent August jobs report left everyone a bit underwhelmed.

The grim results seem to have pressured the White House into accepting another round of talks with China, set for early October. Stocks are recovering on the news, but of course we've seen this movie before.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.