The Pros and Cons of the Trade War
by Priya Trehan, WNDC Summer Intern
President Trump has engaged in a trade war with Asian and European nations, which in the United States is affecting diverse sections of the economy from farming to investors. In the U.S., many of our products are made in other places like China or the European Union. We are dependent on China as a source for low-cost goods and on the EU for cars and other items. China has turned to the European Union to form a front against Trump’s impulsive trade policies. A list of items that have been caught in the crossfire of the trade war include: solar panels, jeans, motorcycles, pork, soybeans, steel, aluminum, cars, insect repellent, tilapia, lobsters, cranberries, and cheese.
Trump may end the trade war sooner rather than later so the media don’t criticize him. Trump is not a fan of NAFTA, the agreement with Mexico and Canada, and does not like how the EU “put up barriers so that we can’t sell our farm products.” China has stolen intellectual property from America, which has prompted Trump to impose trade barriers with it.
The trade war started off slowly but has escalated over time. Now, with the trade war continuing, we could have a difficult time getting cheap goods from China if new tariffs are implemented. Despite the fact that Trump thinks we’ll win the trade war, since we are such a major global power, the trade war has had serious negative effects on this nation, including weakening our GDP and reducing our access to China’s products, which we depend on despite their lower quality, in many cases. The trade war shows no promise of ending.
— Priya Trehan, WNDC Summer Intern
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