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WTH Is Going on With Trump's China Deal? Scott Lincicome Explains.
For Donald Trump, China has served as a major justification for economic protectionism, highlighting our dependencies and need to onshore products with national security implications. But that’s the talk. The reality is more dismal: a less-than-hawkish trade deal this month, with tariffs that seem to isolate allies and, inversely, reshore production on China’s mainland. For Team Trump, three camps have merged into one contradictory mess within the administration. Members of these camps look to use tariffs as leverage for trade deals, as a source of revenue, and to protect domestic industry…
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