SOURCE?
Oh, who am I kidding.
The US-China Economic Relationship | US-China Business Council (uschina.org)
The trade war with China hurt the US economy and failed to achieve major policy goals outlined by the Trump administration. Rather than benefiting the economy, it has reduced US economic growth and employment, resulting in an estimated peak loss of 245,000 jobs. Tariff rates remain at a multi-decade high despite both countries reaching a phase one trade agreement in early 2020. While the agreement made important progress on longstanding trade barriers in agriculture, financial services, and intellectual property protection, it failed to address a range of administration concerns over Chinese state-owned enterprise disciplines, distorting subsidies, data and cybersecurity, and other areas of market access. While the trade deficit with China did narrow in 2019, this was offset by an increased trade deficit with the rest of the world, leaving the overall US trade deficit broadly unchanged.