United States tariffs on billions of dollars worth of Chinese products have helped slash the nation’s dependence on China while reshoring jobs back to American communities, a new analysis finds.
billions worth of Section 301 tariffs on China-made products. Analysis from the Coalition for a Prosperous America reveals that the tariffs, a fixture of any economic nationalist agenda, have successfully reduced U.S. dependence on China.
Significantly, China lost import value in 16 of 19 manufacturing sectors after the tariffs were imposed, losing 23 percent in furniture, 19 percent in leather, 14 percent in computer and electronics, and 12 percent in apparel.“So far this year, U.S.
like Polestar and BYD. Similarly in aerospace, China’s COMAC recently launched the C919, a passenger jet to compete with Boeing and Airbus.But in many other sectors, it has gained through low wages, intellectual property theft, and U.S. negligence of its own manufacturing capabilities.
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