For those of you who are still hung up on the US-China trade imbalance, here is a nice article to show why the US is attacking a straw man they created. By the way, Krugman did it too. Read here.
Note: I found this article long ago and I had been saving it for a more in depth discussion, but seeing as the issue is fast losing its relevance (maybe), I decided to post it up, mainly to keep it on record, in case I need to look for it again in the future.
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