Economists are worried about reports that the Trump administration’s consideration of rolling back tariffs in the U.S.-China trade negotiations. They claim tariff reduction will hurt domestic producers who are planning costly expansions based on continued tariffs.
U.S. manufacturers across the board are investing and hiring now, but these new opportunities “will get killed by Chinese subsidized goods if tariffs go away,” explained Michael Stumo, CEO and economist at Coalition for a Prosperous America (CPA), in an email to The Epoch Times.
