Summary
Economist Erica York warned that Trump’s 145% cumulative tariff rate on Chinese imports effectively ends most U.S.-China trade.
The increase includes a recent jump from 84% to 125%, plus a 20% fentanyl-related duty.
Despite a 90-day pause on most other tariffs, York said the U.S. remains on its most protectionist path since the 1940s.
In response, China hiked its retaliatory tariffs on U.S. goods to 84%.
China is doing a lot of things that are bad for a free world. They are not the friend of anyone who likes freedom or democracy. The world should isolate them for their better. However overall freetrade is good for everyone though and what Trump is doing to Canada, EU, Mexico … is stupid.
Yeah, but evil and reliable beats evil and stark-raving mad.