9/24/24
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Gary Cohn, former chief economic advisor in Donald Trump’s first term, notes that tariffs should be placed only on goods that are made in America and that face unfair competition from goods imported from countries, like China, that subsidize their manufacturers to the point of unnaturally low prices. According to Cohn they do not belong on goods that are not made in America, like lightbulbs and smartphones, that Americans need. That is counter-productive and costs the American consumer unnecessarily.
