Meet the Winners and Losers in a U.S.-China Trade War
The National Interest -

Karen Jackson, Oleksandr Shepotylo

Economics, Asia

It isn't pretty.

Tariffs are taxes on imports, which make the products more expensive in the importing country.

Donald Trump’s presidency has been marked by a rise in protectionism. His “America First” policy has involved introducing a number of tariffs against imports from the EU, Mexico, Canada and especially China.

Encapsulating his approach, Trump tweeted in March 2018 that “when a country (USA) is losing many billions of dollars on trade...

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