Raising Tariffs: Why Now?

In this June 8, 2018, photo, a worker transfers steel cables at a steel factory in Qingdao in east China's Shandong province. The Trump administration on Monday, July 16, 2018, brought cases against China, the European Union, Canada, Mexico and Turkey at the World Trade Organization for retaliating against American tariffs on imported steel and aluminum. (Chinatopix via AP)

The United States has initiated a policy of raising tariffs on the imports of international allies and rivals. The rationale given is that President Trump wants to use our economic muscle to protect domestic industries, enhance national security, provide benefits to his political base, and rebuke nations abusing the existing norms of international trade.

A certain consequence of high tariffs is that other nations will respond with financial reprisals, including raising their own tariffs on our exports. If such raises become …

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1 Comment

  1. As Jean Claude and Donald just proved, film watching couch potatoes masquerading as professors are clueless

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