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
- 
                                      
          
        
        
                          
        
        Why Chinese Car Investments Are a National-Security Risk
                  If the U.S. wants to win the competition for technology and security, it must distinguish between productive investment and Trojan horses.... By David Feith 
- 
                                      
          
        
        
                          
        
        Geoeconomics Summit 2025 - The Changing Dynamics of Statecraft
                  David Feith, adjunct senior fellow at CNAS, participated in a panel during an Institute of Geoeconomics summit in Tokyo to compare geoeconomic statecraft under the Biden and T... By David Feith 
- 
                                      
          
        
        
                          
        
        Trump Heads to Asia with High-Stakes Meeting with China’s Xi on the Agenda
                  President Donald Trump departed Washington Friday night for Asia with trade and U.S. relations with China top of mind. He is set to hold a high-stakes sit-down with Chinese Pr... By Jacob Stokes 
- 
                                      
          
        
        
                          Defense / Indo-Pacific Security Is the U.S. Ready for War with China?U.S. military planners are caught in an impossible dilemma.... By Franz-Stefan Gady 
