U.S.-China Tariffs Accelerate Changes in Global Economy

Key points

• Trump imposed blanket tariffs on Chinese imports, prompting that country to retaliate with tariffs on certain U.S. goods as well as restrictions on the export of critical minerals.

• The tariffs on China signal three critical developments for U.S. policy: (1) Trump will use tariffs as a geoeconomic tool to address national security issues; (2) th…