President Donald Trump justifies tariffs on imports by arguing that “unfair trade policies” have harmed American workers. This has led to a trade war in which the U.S. and China have placed tit-for-tat tariffs on each other’s products.
Most recently, China said it’s ready to slap tariffs on US$60 billion in U.S. imports if Trump goes ahead with his threat to tax another $200 billion of Chinese goods.
Since the president claims to be acting on behalf of working-class Americans, it’s fair to ask: How do tariffs actually affect them?
Scholars of international political economy, such as myself, recognize that trade hasn’t always been good for poorer Americans. However, the economic fundamentals are clear: Tariffs make things worse.
Source: How Trump’s trade war affects working-class Americans : The Conversation