"We Must Act Soon" - Trump Asks China To Reduce Trade Deficit

Having reached a record high trade deficit with China this morning, President Trump turned his attention from "global" tariffs to China.

China trade deficit (in red) below...

In his latest tweet, Trump explained that:

"China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States. "

Which judging from the chart above is a drop in the ocean. But then Trump turned a little more diplomatic:

"Our relationship with China has been a very good one, and we look forward to seeing what ideas they come back with. We must act soon!"

We look forward to China's response too...