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China could switch to other tactics like barring U.S. service sector companies or intentionally driving down the value of its currency, Goldman Sachs economists said. The U.S. is threatening to put tariffs on $150 billion of Chinese goods, but China can’t retaliate in kind because it imported only $131 billion in U.S. goods last year. […]

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The US goods trade deficit increased to $77.2 billion in the month of October — a record high. President Donald Trump has made reducing the trade deficit a key goal of his policies. But experts say Trump’s tariffs can’t reverse an underlying economic trust about the US.

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