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(12,239 posts)
3. 'As Trump Vows Larger China Tariffs, How Did His Trade War Play Out the First Time Around?'
Tue Nov 26, 2024, 07:47 PM
Nov 26

"The tariffs elicited a response from China...What China did was move its exports to other countries and move its imports from other countries as well. So it shifted the purchase of soybeans, for example, from the U.S. to Brazil...So that wasn’t a useful policy.'"

"After several tit-for-tat tariff increases...the trade war...actually increased the trade deficit. Cost increases also led to a decline in U.S. manufacturing jobs. Intellectual property theft continued. The costs imposed by tariffs were passed along to consumers of imported products...You have the high inflation. Where do you get it? In part, because of these tariffs."

https://www.pbs.org/wgbh/frontline/article/donald-trump-china-tariffs-trade-war-xi-jinping-video/

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