The US-China trade war hurts American families | By Mary E. Lovely for CNNBusiness Perspectives
Updated 1944 GMT May 20, 2019Mary E. Lovely is a professor of economics at Syracuse University and non-resident senior fellow at the Peterson Institute for International Economics. The opinions expressed in this commentary are her own.
.leftside-floating-image { width:100%; display:block; margin:0 auto 1.5rem; } @media screen and { .leftside-floating-image { float:left; width:50%; max-width: 200px; display:block; margin:0 1.5rem 1rem 0; } } Trump is escalating his trade war against China, and American families are paying the price.
When President Donald Trump first initiated the trade war with China one year ago, he justified the action as necessary to open China's markets and to secure America's rights to its own intellectual property. Selling these actions as good for America, Trump promised that"trade wars are good and easy to win" and that China, not the United States, would bear the tariff burden.
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