Published November 14, 2019
President Trump’s tariff war hasn’t changed that, but it has brought China to the bargaining table for the first time. Those tariffs are hurting some U.S. businesses, especially farmers who relied on Chinese markets for their sales. But they are dramatically slowing the Chinese economy and have forced U.S. producers and consumers to look elsewhere for goods. Chinese economic growth has slowed to its lowest level in 30 years, and experts expect it to slow even more as U.S. tariffs start to bite even harder.
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Henry Olsen is a senior fellow at the Ethics and Public Policy Center.