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Liberation Day Tariffs Miss the Real Target: China
⏩The Trump administration’s announcement of blanket tariffs misses the mark. Instead of using a tariff threat to address trade irritants with our allies in order to form an alliance to jointly confront China’s mercantilist practices—the real threat to American economic and technological dominance—these tariffs indiscriminately hit allies and competitors alike. While they are sure to result in some increases in domestic manufacturing, foreign retaliation, as well as US tariffs on intermediate goods, will also mean fewer US exports. And the result will be strained, if not broken, partnerships at a time when America and the West should be laser-focused on countering predatory China’s trade offensive.
By CryptoCurrency News 10 months ago in Journal
