Donald Trump’s Tariffs Based on Flawed China Shock Theory, Says New Economic Review.
(ThyBlackMan.com) When Donald Trump first campaigned in 2015, he capitalized on a potent narrative: that China’s rise gutted American manufacturing, leaving countless blue-collar communities devastated. Known now as the “China shock,” that idea paved the way for a dramatic resurgence in protectionism, culminating in sweeping tariffs including Trump’s controversial “Liberation Day” duties. Yet we continue to learn just how shaky the theory’s foundations are. Pioneered by economists David Autor, David […]