“Trump’s Tariffs Harming Economy, Study Finds”
Yeah, China’s economy. Big time.
The US can take the hurt for a lot longer than China can, as the output in this country ramps back up to fill the gaps that China had been providing at cut rates. Awkward for a while, but the long-term effects far outweigh the short-term displacement.
Under Trump, over 1 trillion dollars have been repatriated to the US from foreign accounts. In China just the opposite is happening, they are bleeding cash, and have been unable to stop much of it. People with money are finding ways to get it out of the country and the CCP is putting more pressure on Xi by forcing the addition of new finance ministers for each province and again cutting the bank cash reserve requirements. After 8 reserve cuts since 2018 the PBOC just yesterday again cut reserves to 12.5% freeing up 115 billion dollars to try to prop up the economy.
Remember there really aren’t free market forces in China, the capitalist experiment is still managed by the CCP, and it is struggling bigly.
There is not hurt to high import tariffs. They raise revenue and promote US industry. WIN - WIN.