Trump Signs Landmark Trade Deal With China to Fix ‘Wrongs of the Past’
The Washington Times cites Senior Fellow Ryan Young on trade with China:
Competitive Enterprise Institute senior fellow Ryan Young said the deal “will diminish damage caused by any further tariffs, but it comes at a cost.”
“American consumers and businesses will still pay tariffs on 40 percent of Chinese imports that were mostly tariff-free just a few years ago,” he said. “Consumers are worse off overall, and those still-new tariffs now risk becoming normalized because neither Trump nor Congress seemed inclined to roll them back, anyway, and now they’re also part of an international agreement. The agreement’s embrace of managed trade rather than free trade is its biggest shortcoming.”
