United States Secretary of the Treasury Steven Mnuchin | January 11, 2018 (Official White House Photo by Andrea Hanks)
At Reason.com, Eric Boehm suggests that the deescalation of Chinese trade war talk by the Trump administration is a clear win for consumers and businesses. He writes (abridged):
The Trump administration’s trade war with China is over—or at least it’s not starting just yet.
Treasury Secretary Steven Mnuchin, during an appearance on Fox News Sunday, said the administration is withdrawing its plan to impose 25 percent tariffs on more than 1,300 Chinese-made goods valued at more than $150 billion while the United States and China continue trade negotiations.
The Trump administration has already gone ahead with tariffs on steel and aluminum, imposed on supposed national security grounds.
Removing the immediate threat of tariffs is a clear victory for American consumers and businesses.
Read more here.
