The China-U.S. trade war started December off on a high note. The trade war has resulted in more than 11,000 exemption requests from American firms being filed with the U.S. Trade Representative. Last year’s trade gap with China was $375.5 billion, up from $346 billion in President Obama’s last year, which happened to be the only year during Obama’s two terms that saw the trade gap fall. The Big Picture: More UncertaintyThe trade war is not over. The World Trade Organization recently noted that export orders are at their lowest level since 2012.

Source: Forbes December 10, 2018 16:23 UTC