July 20, 2017
America Doesn't Need Tariffs to Compete with China
Last week, President Donald Trump renewed his pledge to defend American steel producers against what he described as the unfair practices of overseas competitors. Singling out China in particular, the president declared that these competitors were “dumping steel and destroying our steel industry . . . and I’m stopping it.” He pledged to consider tariffs, quotas, or other similar restrictions on the steel trade to protect American manufacturers from China and other competitors.
Unfortunately, this initiative misidentifies the problem facing American workers, prescribes policy that would aid the comfortable and harm those actually in need, and omits those steps necessary to truly prepare the United States to compete in the economy of the future.
Read the full article in The National Interest.
More from CNAS
-
Commentary
Indo-Pacific Security / Technology & National Security
Sharper: China's AI RiseArtificial intelligence has become a strategic priority for Beijing and Washington, yet both countries continue to pursue dramatically different strategies in their bid for gl...
By Charles Horn & Cadence Barker
-
Indo-Pacific Stability Depends on Eastern Africa’s Prosperity
Commentary
The Strait of Malacca, Taiwan, and the South China Sea dominate the Asian debate. However, chokepoints further from home could prove similarly devastating....
By Derek Grossman
-
Superpowers and AGI
Reports
Executive Summary Artificial intelligence (AI) systems continue to progress at a steady pace. This trend has fed forecasts that artificial general intelligence (AGI)—generally...
By Jacob Stokes
-
Trump Is Linking Economic Investment With Military Alliances: Political Analyst
Video
Derek Grossman from the University of Southern California, an adjunct senior fellow at the Center for a New American Security, says Trump is most interested in making money of...
By Derek Grossman
