The Costs of Uncertainty With Trump’s Trade Policies

A Chinese newspaper on a newstand with a photo of U.S. President-elect Donald Trump and the headline “Outsider counter attack,” Beijing, Nov. 10, 2016 (AP photo by Ng Han Guan).
A Chinese newspaper on a newstand with a photo of U.S. President-elect Donald Trump and the headline “Outsider counter attack,” Beijing, Nov. 10, 2016 (AP photo by Ng Han Guan).
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No matter who was elected president on Nov. 8, there was going to be a pause in U.S. trade policy. During the campaign, neither Hillary Clinton nor Donald Trump supported the Trans-Pacific Partnership (TPP) negotiated and signed by President Barack Obama. But Trump said he would go much further, threatening to impose new tariffs of up to 45 percent on Chinese imports over Beijing’s currency manipulation and other unfair trade practices, while promising to withdraw from trade agreements that are not renegotiated to his satisfaction. As with other issues, there is uncertainty about what Trump will actually do once in […]

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