By Benjamin Dressing It was announced this week that the U.S. and Mexico are very close to settling on the next version of their trade policy. But don’t get distracted. The real trade war is going on with the great red dragon.
Since 2017, China has been by far the biggest exporter to the U.S. It accounts for more than 20% of total U.S. imports (almost double that of each Mexico and Canada). With few labor laws and regulations in China, its goods are often much cheaper than American alternatives. This makes it difficult for U.S. companies to compete, so tariffs are meant to …read more
