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The Economics of Trade Wars

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The Economics of Trade Wars
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2025. Angela Weiss/AFP via Getty Images
Christopher Balding
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Commentary

As President Donald Trump announced this week that he was going forward with a more than 100 percent tariff on China and a 10 percent tariff on the rest of the world, pending a 90-day negotiation period, the world and financial markets seemed to breathe a sigh of relief.

Christopher Balding
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.