President Trump recently threatened to impose over $200 billion in new tariffs—on products ranging from car parts and purses to leather—after China’s most recent round of retaliatory levies on $60 billion of U.S. exports. This tough talk on trade is nothing new, but now it has become harmful policy. When politicians try to influence something as complicated as global trade, there are always unforeseeable consequences.
https://fee.org/articles/protectionist-trade-policy-picks-winners-and-makes-us-all-losers/
https://fee.org/articles/protectionist-trade-policy-picks-winners-and-makes-us-all-losers/