President Trump was elected on an anti-trade agenda in 2016, and promised that tariffs and protectionist measures could restore the US manufacturing sector. After winning the White House, the president imposed tariffs on hundreds of billions of dollars worth of Chinese goods meant to discourage imports in pursuit of this goal. He has described himself as a “tariff man” and said that “trade wars are good and easy to win.”
How is this rhetoric holding up?
Well, a new Wall Street Journal data analysis sheds light on the trade war’s results so far. They aren’t pretty.
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