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Trump’s China Tariffs Hit America’s Poor and Working Class the Hardest
Lower-income consumers tend to spend a lot of their money on low-priced apparel and other items imported from China.
16 May 2019, 12:47 AM IST
(Bloomberg Businessweek) -- To understand today’s trade war better, turn the clock back a couple of years. President-elect Donald Trump was getting ready to move into the White House, and President Barack Obama was packing to move out, on Jan. 12, 2017, when three economists on Obama’s team fired a parting shot against protectionism. They published an article on the website Vox headlined “US tariffs are an arbitrary and regressive ...
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