torsdag 5. april 2018

China’s retaliatory tariffs will hit Trump country hard

It was inevitable that China would respond in kind to tariffs levied against it by President Trump. The president argued that the trade deficit and Chinese theft of intellectual property necessitated taking economic action. But the net effect is that China also will charge more for American products to enter its country — tariffs that are likely to affect places whose residents voted for Trump more significantly than voters in other areas.