Why wasn’t it until 2016 until we actually started hearing tough trade rhetoric against China? It seems like they know the game is up and are doubling down on the theft.
I agree, but the current situation in the US is more nuanced than the graph suggests. A lot of the growth is driven by the energy industry, like fracking, not building products like phones, computers, clothes, furniture, etc. We import 3 tons of steel for every ton we produce. Cars we manufacture in the US are dependent on imported components.