Excessive military expenditure is a major cause of the U.S.trade deficit Immediately after U.S.tariffs on$34 billion of Chinese products took effect on July 6,China launched reciprocal tariffs on U.S.products of the same value.The largest trade war in economic history has thus officially begun.There seems to be little logic in the U.S.decision to initiate a trade war,since it is now at the peak of its cycle of economic prosperity.
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