William J. Royea is Assistant Director for Strategy and Communications at the Joint Center for Artificial Photosynthesis, California Institute of Technology.
The US may have a trade deficit with the rest of the world, but its multinational companies have a major surplus when it comes to sales in foreign markets – especially China. If the US-China trade war continues to escalate, these firms will be, as US President Donald Trump might put it, the biggest losers.
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