The U.S. – China Tariff Dispute Is Really About Protecting US Global Corporate Dominance
There is a lot of concern over the possibility of a trade war between China and the U.S. In early April, President Trump announced that his administration was considering levying $100 billion of additional tariffs on Chinese exports, after the Chinese government responded to a previously proposed U.S. tariff hike on Chinese goods of $50 billion by announcing its own equivalent tariff hikes on U.S. exports. And the Chinese government has made clear it will again respond in kind if these new tariffs are actually imposed.
So, what’s it all about?