US needs to look beyond tariffs to counter China's factory dominance

To counter China's trade dominance and boost US manufacturing and jobs, a strategy beyond high tariffs is essential

The US-China trade war began in March 2018 when then-President Donald Trump introduced a 25 per cent import tariff on steel and 10 per cent on aluminium. The tariffs were later extended to cover hundreds of Chinese goods in an effort to address the trade imbalance and protect US industries.

 

Now, with President-elect Trump, planning new tariffs on Mexico, Canada, China, and others, it is interesting to examine how America’s earlier tariffs and other trade restrictions affected global trade over the past six years. Who are the biggest winners and losers of the trade war? To find out, we tracked