Why America Will Lose Its Trade War With China
Plain English with Derek Thompson
00:00
Trade Wars and Their Unintended Consequences
This chapter explores the ramifications of the U.S.-China trade war, focusing on the impact of tariffs on American industries reliant on Chinese imports, particularly rare earth elements. It discusses the complexities of trade dynamics and how tariffs disrupt supply chains, affecting both large corporations and small businesses alike. Ultimately, the chapter highlights the irony that while tariffs aim to protect national interests, they may inadvertently harm the very industries they seek to support.
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