He has three strong reasons to do so — and none are for China’s benefit.
Abandoning former President Trump’s China tariffs could help Americans — and the United States’ global standing. Credit: Official White House Photo by Adam Schultz
Over the course of his presidency, Donald Trump raised U.S. tariffs on imports from China several times, from an average of about 3 percent when he took office in January 2017 to over 20 percent by the end of 2019. As a result, the current average U.S. tariff on Chinese goods is essentially at the same level that the United States imposed on the rest of the world in the early 1930s under the Smoot-Hawley Act, a protectionist measure that many economists blame for the severity of the Gr
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Is it time for the U.S. to temper its policies towards China? Or is the U.S. just hitting its stride? With the election between Donald Trump and Kamala Harris just around the corner, we asked more than a dozen experts and policy makers: Where should the next U.S. president go from here?
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