Tag: trade war
The nationalist approach to trade hurts globalists and workers alike.
By imposing them, Trump has in effect raised taxes on most Americans by about $800 per household. China’s retaliatory tariffs will raise taxes further.
No matter how deeply flawed such geopolitical visions may ultimately prove to be, their brief moments as official policy have regularly shaped the destiny of nations and of empires in unpredictable, unplanned, and often dangerous ways.
Donald Trump vowed to add tariffs to $267 billion more Chinese goods if China retaliated.