Given Trump’s tough talk about China, why the sudden shift in the U.S. stance toward China? In response to the tariffs Trump imposed on Chinese goods, including steel and aluminum, China raised tariffs on U.S. agriculture products. The geographic location of the U.S. steel industry makes for similar dynamics. Incentives for tariffs and subsidies vary across countriesThe incentives to assist businesses using tariffs and subsidies vary across countries. [Why Republicans don’t push back on Trump’s China tariffs — in one map]How did this play out in the global auto industry?

Source: Washington Post December 10, 2018 10:52 UTC