Business Insider -
29 Apr 2018 15:33

Chip Somodevilla/Getty Images President Donald Trump's new tariffs on Chinese goods focus on "parts" — intermediary goods used by US companies. The focus on "parts" could leave US businesses at a disadvantage to foreign competitors — the opposite of Trump's stated goal. "Putting tariffs on intermediate products is shooting oneself in the foot," said economistsDavid Dollar and Ahi Wang. During his announcement of new tariffs on Chinese goods, President Donald Trump argued they were necessary ...
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