The writer is Chazen Professor of Global Business at Columbia Business School
Combating inflation has been on President Joe Biden’s mind lately. But any mention of the high tariffs on Chinese imports that he inherited from the Trump administration has been critically absent from these discussions.
Between 2018 and 2019, the US and China engaged in a trade war that raised tariffs on thousands of internationally traded products. The import tariffs imposed by the US, and the Chinese retaliation on US exporters, jointly targeted 3.6 per cent of GDP.
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