The Art Of The Trade War
The trading relationship between the U.S. and China has been tense lately, defined by escalating tariff threats and bellicose rhetoric on both sides. The problem with tariffs though, is that they they often come with unintended consequences.
But if the U.S. wants to address China's questionable trade practices and counteract the negative effects of free trade, what is the government to do?Economist Jared Bernstein walks us through some of the alternative options for dealing with trade challenges.
Copyright 2021 NPR. To see more, visit https://www.npr.org.