Trump’s tariffs on Chinese products won’t work. Here’s why. - News Summed Up

Trump’s tariffs on Chinese products won’t work. Here’s why.


But do trade sanctions work? Since January, President Trump has followed up on campaign promises to get tough on China by raising tariffs on a number of Chinese products — including washing machines, solar panels, steel and aluminum. To understand this scenario, we need to look at the underlying structure of trade between the United States and China. (Chinatopix/AP)Not all U.S. firms back China sanctions — and that’s a problem. There were virtually no U.S. industries that directly competed with Chinese imports that welcomed the threat of China sanctions.


Source: Washington Post March 20, 2018 14:56 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */