President Trump has again invoked his authority under a rarely used statute to levy restrictions on a vast swath of imports and investment from China. The implementation of these tariffs would carry grave risks for the international trading system. According to Cato scholar Daniel J. Ikenson, “President Trump’s ‘remedies’ are likely to raise production costs for U.S. businesses, diminish U.S. productivity, squeeze real household incomes, reduce the revenues of U.S. farmers and other export-dependent industries targeted by Chinese retaliation, exacerbate tensions with China and other countries adversely affected by the restrictions, and hasten the demise of the rules-based trading system.”

• “Trump to Impose Restrictions on Imports and Investment from China,” by Daniel J. Ikenson
• “Trump Trade Tariffs Are a Wanton Act of Economic Self-Destruction,” by Colin Grabow
• “How the World Trade Organization Can Curb China’s Intellectual Property Transgressions,” by James Bacchus
• “Into the Abyss: Is a U.S.-China Trade War Inevitable?,” by Daniel J. Ikenson

Visit the Cato Institute here…