Perspective: The problem — and consequence — of Trump’s trade war with China
President Trump objects to China’s disregard for the rules of international trade, a view dominant among economists and business leaders. By Jared Bernstein Jared Bernstein Bio Follow Jared Bernstein, a former chief economist to Vice President Joe Biden, is a senior fellow at the Center on Budget and Policy Priorities and author of 'The Reconnection Agenda: Reuniting Growth and Prosperity'.
Finally, the most immediate reason for raising the tariff rate is the claim by our negotiators that their Chinese counterparts backed away from legislating enforceable, transparent rules to block these practices. But the “tariffs won’t work” critique is weaker and lacks a compelling case about what would work better. For those of us who’ve long watched U.S./China negotiations, it looks like Robert E. Lighthizer has pushed the Chinese further and harder than any of his predecessors. Our negotiators’ theory, which may well be correct, is that they can’t force China to play fair without at least temporarily hurting U.S. consumers and producers.
Also , he knows he can use trade negotiations as a tool to drive the near-term stock market up and down. Never has a president played the markets like this, and I strongly suspect that Trump will continue to use this tool to his political advantage.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Perspectives: The best way for the US and China to end the trade warThe United States should pursue an investment treaty with China to protect intellectual property rights, write John R. Kasich, former governor of Ohio, and Marc L. Busch, professor of International Business Diplomacy at the Edmund A. Walsh School of Foreign Service at Georgetown University.
Weiterlesen »
Perspective | Trump’s trade war is an intellectual disasterTrump almost comically overestimates how much trade hurts us, and just as absurdly underestimates how much tariffs do.
Weiterlesen »
Trump's favorite scorecard for the US-China trade war improved in MarchThe gap between American products shipped abroad and goods the US imported ticked up in March, while the deficit with China narrowed to a 5-year low.
Weiterlesen »
Trump's escalated trade war with China could hit California ports especially hardAn escalation of trade tensions between the U.S. and China, including President Donald Trump's threat to punish Beijing with additional tariffs, could deal a severe blow to California's ports and economy, potentially putting at risk thousands of jobs, according to experts.
Weiterlesen »
WORST CASE SCENARIO: Here's what it looks like if Trump starts a trade war with ChinaMarket jitters stemming from an escalated trade fight could be so bad that is could send the S&P 500 in a correction, wrote UBS.
Weiterlesen »
AP FACT CHECK: Trump sugar-coats a trade war with ChinaTRUMP: 'Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S.' THE FACTS: This is not how tariffs work.
Weiterlesen »
Trump says talks with China to continue as trade war escalatesU.S. President Donald Trump said on Friday that trade talks with China would con...
Weiterlesen »
Nvidia is sliding as Trump escalates the trade war with ChinaChipmaker Nvidia fell 2.5% Friday after the US raised tariffs on $200 million of Chinese goods to 25% from 10%.
Weiterlesen »
Trump doubles tariffs on $200 billion of Chinese imports, escalating U.S.-China trade warThe tariffs took effect at 12:01 a.m. Friday, with trade talks expected to continue.
Weiterlesen »