POLITICO: When President Donald Trump made good on his promise to be “Tariff Man” this week, he sent economists into a lather, pushed the stock markets onto a wild and largely downward ride, and thrilled parts of his political base, who saw a president finally willing to use his bluntest policy weapon against America’s biggest economic rival.
Trump claims that imposing as much as $60 billion in new duties on Chinese goods will hurt China more than it hurts American consumers.
Both are quite likely to be hurt, at least in the short run. But the tariffs have an unexpected beneficiary as well, one that Trump is surely less excited to talk about. In an ironic twist, Trump’s tariffs might make Mexico great again.
Editor’s Note: The author of the above news clip is Zachary Karabell, a contributing editor at Politico Magazine. Click here to read the story.
Editor’s Note: The main image accompanying the above news clip shows a worker assembling the Forte sedan on the floor of a Kia plant in Nuevo Leon, Mexico. (Natalie Kitroeff / Los Angeles Times)
