U.S. Trade Representative Robert Lighthizer stands behind U.S. President Donald Trump as Trump prepares to sign directives to impose tariffs on imported goods in the Oval Office at the White House in Washington, U.S. January 23, 2018.
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REUTERS/Jonathan Ernst
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Protectionism

Trump Tariffs Primarily Hit Multinational Supply Chains, Harm US Technology Competitiveness

Mary E. Lovely (PIIE) and Yang Liang (Syracuse University)

The Trump administration’s Section 301 tariffs are an ineffective response to US concerns about China’s high-technology aspirations. They are a prime example of 20th century tools aimed at the knowledge-embodying trade flows of the 21st century. Instead, these tariffs disadvantage American producers and harm US allies operating in East Asia while missing the mark on penalizing Chinese domestic firms that may have misappropriated US and other advanced economies’ technologies.

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Photo Credit: REUTERS/Jonathan Ernst

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June 2017