Trade is essential to the success of America and the American people. It represents about a third of U.S. GDP, and has helped build the U.S. economy into the undisputed #1. Tariffs are bad news for everyone.
Trade War: Local Economies and Jobs Hang in the Balance
Aug 24 , 2018
Both the U.S. and China are engaged in a tariffs war. With no end in sight, American producers are operating in an environment of uncertainty. To many Americans workers and producers, the trade war hits much closer to home than most grand geopolitical disputes: local economies and jobs hang in the balance.
The rivalry between China and the U.S. in high-tech industries has become increasingly tense. This is in part because both governments have begun to associate supremacy in technology with national security. In the current trade disputes between the two economic giants, technology will like be a sticking point.