A key plank in Donald Trump’s economic platform is to get tough on trade, especially with imported Chinese goods, which the Republican presidential nominee wants to slap with a 45% tariff.
Still, William Reinsch, a trade expert at the Stimson Center, a Washington, D.C.-based think tank, said that while tariffs have helped some companies, “sadly, there aren’t a lot of examples” of success. They are blunt instruments that can result in supply disruptions, higher prices and, at worst, retaliation by the country hit with the duties, he said. “There is a search for new tools.”
To read the full article click here.