Originally Published: Project Syndicate, 6 August 2019
Economic analysis suggests that bilateral trade wars are unwinnable in an interconnected world. By firing his latest tariff salvo against China, US President Donald Trump has further raised the stakes in an increasingly damaging dispute – and America is likely to emerge as the bigger loser.
Should this new measure take effect, almost all US imports from China will be subject to tariffs – and these are likely to hurt America more than China.
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