Peterson Institute of International Economics

Obama Got Tough On China. It Cost U.S. Jobs and Raised Prices

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Protect American jobs by getting tough on China. That’s the underlying idea behind President-elect Donald Trump’s threat of a 45% tariff against China as a ploy to bring jobs back to America. Before pursuing that strategy, however, Trump might want to check out what happened when his predecessor tried that. President Obama slapped a stiff … Read more

Trump’s Tariffs Won’t Bring Jobs Back To America

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President-elect Donald Trump promised to bring jobs back to America’s Rust Belt by getting tough on Mexico and China. To do that, Trump threatens to use tariffs. His argument: if he makes doing business in China and Mexico too expensive, he’ll convince companies to bring their jobs back to states like Ohio, Michigan and Indiana. … Read more