High Tariffs on China, Mexico Wouldn’t Guarantee US Jobs

Labor News

Reprinted from The Wall Street Journal by Saumya Vaishampayan on January 25, 2017.

President Donald Trump’s preference for bilateral trade agreements could prove to be a game of Whac-A-Mole.

Much of Trump’s rhetoric has focused on China and Mexico, two of the US’s biggest trading partners. He has threatened to impose a 45% tariff on Chinese goods and has gone after US car companies with factories in Mexico, part of his campaign-trail promise to bring jobs back to the US.

But even if he hits large trading partners with tariffs, diminishing the allure of their exports, there are several countries with cheap labor that could step in to fill the void. China is now a relatively expensive place to manufacture, compared with many other Asian nations. …

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About Jeffrey Burman 1480 Articles
Jeff Burman represents assistant editors on the Guild’s Board of Directors. He can be reached at jeffrey.s.burman.57@gmail.com.

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