The biggest casualty of a China trade war: America’s place in the world

[BLMFem]

The wins keep coming in!

 

The biggest casualty of a China trade war: America’s place in the world.

 

"Trump argues steep tariffs will bring manufacturing jobs back to the United States from places like China as well as Mexico and Canada. But experts fear his radical turn from decades of trade practices and his erratic policy announcements will upend the balance of world power and leave the U.S. in a weakened position.

“American dominance was based on being at the center of an incredibly close set of alliances, not based on the unilateral power of the United States,” said Jason Furman, professor of the Practice of Economic Policy at Harvard Kennedy School and former chair of then-President Obama’s Council of Economic Advisers."