Newswise — New Brunswick, N.J. (May 14, 2019) – Thomas Prusa, Professor of Economics and Chair at Rutgers University–New Brunswick, and an expert in international trade, is available for commentary on the latest developments concerning U.S.-China trade relations. Yesterday, China said it would increase tariffs on nearly $60 billion of American-made goods in response to a similar move last week by the Trump administration.
Prusa said, “Trump’s trade policy with respect to China is not just economically poorly designed but politically naïve. There is wide consensus that Organization for Economic Co-operation and Development countries (e.g., U.S., E.U., Canada, Japan) were unified in their desire to have China alter its trade and commercial policies. Trump’s decision to ‘go it alone’ in policy discussions with China has greatly weakened his hands. Given that he has levied tariffs primarily on intermediate goods, Trump’s tariffs are is now saddling U.S. businesses with a large tax.”
For interviews, please contact Tom Prusa at [email protected].
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