The returns are in from Trump’s trade war with China: the US lost. US consumers are paying higher prices (increasing inflation) while China did not address US concerns about trade practices and fell 40% short of its commitments to buy US goods. https://t.co/9C61J3O76W
— Max Boot 🇺🇦 (@MaxBoot) May 21, 2022
"the main result of Trump’s trade bluster was higher costs to the American public
— John Harwood (@JohnJHarwood) February 14, 2022
"tariffs were mostly passed along to consumers, causing prices to rise on thousands of everyday items
"a debacle
"the smarter move would have been to keep the US in TPP" https://t.co/JzzDXDTh6a
JUST NOW: "That agreement was flawed in multiple ways, including unrealistic commitments and not having a mechanism to hold China to account."
— John Berman (@JohnBerman) February 9, 2022
WH Official @BrianDeeseNEC on reporting China is $288 billion short in trade deal it made with Trump.
pic.twitter.com/q8YZll3FmN
The trade war with China was uniquely Trumpian. His trade policies were foolish and costly — they failed by any measure you choose — but it may be a long time before any president is in a position to undo the damage.
— Chad P. Bown (@ChadBown) February 15, 2022
By @PaulKrugman https://t.co/XM8StNIUdn
Q: Was Trump's trade war worth it for US exporters?
— Chad P. Bown (@ChadBown) February 8, 2022
A: The answer so far is "no."
Estimates here are that cumulative US goods and services exports to China in 2018–21 were about 19% LOWER with the trade war + phase one agreement than they would have been otherwise.
11/13 pic.twitter.com/5WrR7h8zyw
Sad! 