The US’s Trade War Fallacy

The current trade war between the US and China is a fallacy. There is no trade war going on here. A real trade war exists when a country tries to protect its industries by placing tariff barriers on the import of cheaper goods from foreign countries, or provides subsidies to local manufacturers to artificially lower production costs in order to compete with imported products. Trade wars are about protectionism. These rounds of tariffs on goods from China are not protecting any US industries.

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