Play with fire and you get burned... eventually.
And this article reflects the true motivation and reasoning behind the trade war with China. I don’t like trade wars, I’m a free trader but this has nothing to do with trade. China is an existential threat to all liberal democracies and we have been giving them the economic tools to wage their soft war.
What does China create or innovate? Nothing, they steal because they are communist who hate our way of life. The true strength of our soft war with them has been staring us in the face. We don’t need them. Everything they do for us can be done in other countries. And now, slowly but inevitably this trade war and China’s own tendency to use unfair economic tools to advance their dominance is making not only America but the rest of the world move the global supply chain away from China. There are plenty of other countries willing and able to do what China does for business (Vietnam, Thailand, India, Phillipines, etc...). And they will do it within the community of nations.
File under “Tariffs Don’t Work” dead file.