Forget trade deficit, here's the number that tells a different story of US-China trade

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Why are markets so sensitive to the U.S.-China trade issue? U.S. foreign affiliate sales might help explain. Here's why you should be paying attention to this number.

CNBC's Steve Liesman joins "Squawk Box" with a report on what experts are saying about how the trade war is affecting the economy and how U.S. foreign affiliate sales, total sales of U.S. companies in China, plays a huge part of the story.

 

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steveliesman Excellent piece. And, guess what, ironically a comprehensive deal with China would actually encourage even more US companies moving INTO China, perhaps more than direct exports. tradewar tariffs

Yet another bizarre part of the many things I don't really understand.

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