Trump Is Paving the Way for Another China Shock
News Source : The Atlantic
News Summary
- MIT economist David Autor helped fracture the old free-trade consensus
- But he thinks that what’s replacing it is even worse
- Autor: Trump's tariffs will actually weaken American manufacturing, with the potential for damage far greater than what the country experienced the first time around
To the extent that Donald Trumps trade war with China is based on a coherent story about the world, it is this Free trade with China has been a disaster for the American worker, and we need tariffs [+12977 chars]