A Long-Term Trade War Is a Lose-Lose Scenario

By John Dale Grover

The economic pain of the trade war with China has caused President Donald Trump to put a partial pause on a planned increase in tariffs. On August 13, the U.S. administration announced that the new 10 percent tariffs on certain consumer goods would be delayed until December 15 to spare American consumers during the holiday season. As a result, Americans won’t have to worry as much about if they can afford toys, laptops, phones or shoes for Christmas—for now.

While this pause is good news, it is still a long way from restoring the economic truce Trump and Chinese President Xi Jinping reached during the G20 summit in June. Although the negotiators for both countries met again recently, Trump wanted to impose 10 percent tariffs on $300 billion worth of Chinese imports by September 1. Tuesday’s announcement offers some reprieve and may also dampen China’s retaliation.

This piece was originally published by The National Interest on August 14, 2019. Read more HERE.