This article examines the potential consequences of President-elect Trump's proposed tariffs on imports from Canada, Mexico, and China, drawing parallels with the U.S.-China trade war of 2018-2019. Research on the previous trade war suggests that tariffs may not achieve their intended goals, such as lowering prices or boosting domestic manufacturing jobs. The article also considers the effectiveness of strategies companies used to mitigate the impact of the U.S.-China trade war, such as 'friend-shoring,' in the face of new trade barriers.
The U.S.-China trade war from Trump’s first administration offers a glimpse of the effects a more protectionist trade policy might have this time around.
President-elect Trump has promised to impose 25% tariffs on all goods imported from Canada and Mexico, and tariffs as high as 60% on goods coming from China on day one of his new administration. What will these protectionist policies accomplish? Looking at research on the effects of the 2018–19 U.S.-China trade war might provide some insight. Researchers found that tariffs didn’t lower the cost of goods imported from China, and that U.S.
TRADE WAR TARIFFS PROTECTIONISM US-CHINA RELATIONS ECONOMICS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada shares U.S. concerns about Mexican trade with China as possible trade talks loomCanada’s point person for U.S-Canada relations says she shares U.S. concerns about Mexico serving as as back door for China into the North American market as a review of the U.S.-Mexico-Canada Agreement looms.
Read more »
What the Last Trump Tariffs Did, According to ResearchersThe U.S.-China trade war from Trump’s first administration offers a glimpse of the effects a more protectionist trade policy might have this time around.
Read more »
What the Last Trump Tariffs Did, According to ResearchersThe U.S.-China trade war from Trump’s first administration offers a glimpse of the effects a more protectionist trade policy might have this time around.
Read more »
What the Last Trump Tariffs Did, According to ResearchersThe U.S.-China trade war from Trump’s first administration offers a glimpse of the effects a more protectionist trade policy might have this time around.
Read more »
What the Last Trump Tariffs Did, According to ResearchersThe U.S.-China trade war from Trump’s first administration offers a glimpse of the effects a more protectionist trade policy might have this time around.
Read more »
What the Last Trump Tariffs Did, According to ResearchersThe U.S.-China trade war from Trump’s first administration offers a glimpse of the effects a more protectionist trade policy might have this time around.
Read more »