What's Behind the Trade War?
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- Published on Sunday, 29 November -0001 16:00
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A Socialist Project e-bulletin ... No. 1640 ... July 13, 2018
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What’s Behind the Trade War?
David M. Kotz
President Trump slaps tariffs on imports from many of the USA’s traditional allies, condemning their leaders for unfair treatment. The mainstream media warns of the erosion of the global order.
President Trump threatens, and then imposes, high tariffs on Chinese products and other restrictions on trade relations with China. ZTE corporation, a leading state-owned, high-tech company in China, is barred on national security grounds from importing U.S.-made components that are essential to their products. Then the ZTE action is reversed, leading some Democratic senators to denounce Trump for going soft on China.
Whose side should we be on, if any, in this burgeoning trade war?
