Americans China made you consumer pig..
The Trump administration's tariff war with China is most often seen through the lens of the economy.
But to many economists, the bigger threat is that Trump's global trade gambit will erode the United States’ main source of global authority: the long-term geopolitical relationships it has cultivated over nearly a century.
Trump argues steep tariffs will bring manufacturing jobs back to the United States from places like China as well as Mexico and Canada. But experts fear his radical turn from decades of trade practices and his erratic policy announcements will upend the balance of world power and leave the U.S. in a weakened position.
“American dominance was based on being at the center of an incredibly close set of alliances, not based on the unilateral power of the United States,” said Jason Furman, professor of the Practice of Economic Policy at Harvard Kennedy School and former chair of then-President Obama’s Council of Economic Advi
The Trump administration's tariff war with China is most often seen through the lens of the economy.
But to many economists, the bigger threat is that Trump's global trade gambit will erode the United States’ main source of global authority: the long-term geopolitical relationships it has cultivated over nearly a century.
Trump argues steep tariffs will bring manufacturing jobs back to the United States from places like China as well as Mexico and Canada. But experts fear his radical turn from decades of trade practices and his erratic policy announcements will upend the balance of world power and leave the U.S. in a weakened position.
“American dominance was based on being at the center of an incredibly close set of alliances, not based on the unilateral power of the United States,” said Jason Furman, professor of the Practice of Economic Policy at Harvard Kennedy School and former chair of then-President Obama’s Council of Economic Advi
3 months ago
