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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Confidential documents show that Xiao Jianhua, a corrupt investor tied to China’s political elite, backed the country’s most successful and revered entrepreneur.
The Chinese politics expert discusses how Xi Jinping’s anti-corruption drive upset the Party’s equilibrium and signs of splintering within the leader’s ruling faction.
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