American first protectionism won’t bring manufacturing jobs back to the US. Chinese foreign investment will just increase in imports from the lower tariff countries.
Donald Trump has always claimed that the US consumer won’t pay for the China tariff because the Chinese government will pay. US jobs will benefit because Chinese imports into the US will fall.
Donald Trump always claimed US jobs will benefit because Chinese imports into the US will fall. AP
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Adrian Blundell-Wignall writes on the world economy and is a former director of the OECD. He is currently in Paris.
