Kelly Evans: The trade and tariffs tug-of-war

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Kelly Evans: The trade and tariffs tug-of-war

^{Published on 2025-01-06 12:20:59 - MSN}

Let's revisit the first Trump administration for a moment. His first major piece of legislation, which passed in December 2017, was the tax cuts, which cut the corporate rate to 21% from 35%. The tariffs didn't begin until 2018,

The article by Kelly Evans discusses the ongoing trade tensions between the U.S. and China, focusing on the implications of tariffs and trade policies. It highlights how the U.S. has imposed tariffs on Chinese goods, leading to retaliatory measures from China, which has escalated into a broader trade war. The piece examines the economic impacts, such as increased costs for American businesses and consumers, potential job losses, and disruptions in global supply chains. Additionally, it touches on the political motivations behind these trade policies, including President Trump's strategy to pressure China into better trade terms, and the broader geopolitical implications, including national security concerns over technology and intellectual property. The article also speculates on the future of these trade relations, suggesting that while a resolution might be beneficial, the path to de-escalation remains fraught with complexities due to entrenched economic dependencies and political pride.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/kelly-evans-the-trade-and-tariffs-tug-of-war/ar-AA1x3d7V ]

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