It’s Tariff Time, Again

Update: 2024-12-02

Description

Weeks before taking office, President-elect Donald J. Trump is doubling down on tariffs. Even if the threat to impose them proves to be just a negotiating tactic or bluster, it is also a gambit that has immediate consequences.

Ana Swanson, who covers trade for The Times, discusses whether tariffs worked in Mr. Trump’s first term and how they compare with the alternative approach used by President Biden.

Background reading:

Mr. Trump’s threat to wield tariffs is already rocking business and diplomatic relationships.
The president-elect picked Jamieson Greer, a lawyer and former Trump official, to serve as top trade negotiator, a position that will be crucial to Mr. Trump’s plans of rewriting the rules of trade in America’s favor.

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Comments (2)

Tasman Systems

Also I think free trade has created huge middle classes in both India and China over the last three decades. Guesssing over a Billion. And that creates national security as there is a system of dependency. It also creates US wealth in Hollywood and global tech. Tarrif wars will lead to propping up uncompetitive businesses and higher inflation for consumers. Note govt can't ever choose a winner in business as by the time they assess the business the competitors have already reacted.

Dec 5th