#trade-war

#trade-war

Trade wars invite painful retaliation, prop up politically favored industries at the expense of others, and raise prices on consumers like an invisible tax.

The economic literature shows that tariff increases result in reductions in employment as the positive effect from import protection is offset by negative effects from rising input costs and retaliatory tariffs. [ more ]

The economic relationship between the US and China, known as Chimerica, is unraveling as both countries seek to diminish their dependence on each other.

Both the US and China have imposed tariffs and restrictions on each other, leading to a trade war.

American companies are moving their production away from China to reduce political risks. [ more ]