Trade wars, such as the one that US president Donald Trump appears to be stoking with China, are bad for all the warring parties. Consumers will ultimately pay a higher price for everything they buy.
Blocking imports is unlikely to bring production home. Apple may move its iPhone assembly from China to Thailand, rather than to the US. If the US bans imports of all foreign-made iPhones, American consumers would suffer from skyrocketing prices.
The US is certainly a more open economy than China. But the real issue behind the tit-for-tat between Washington and Beijing is whether China has lived up to its World Trade Organization obligations.
您已阅读14%（644字），剩余86%（3944字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。