Opinion
Published on: 02. June 2025

Tariff policy: How China exports contributed to the decline of US manufacturing

Yi Fuxian
US President Donald Trump's embrace of tariffs has been met with considerable criticism. However, Trump's diagnosis of the global trading system may not be entirely wrong. The problem, instead, is the treatment: Rather than using a chainsaw, which would probably kill the patient, he should reach for a scalpel.

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Last updated: 24. July 2025
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