Part 3/10:
Recent tariffs imposed on Chinese goods represent a significant shift in trade policy, with implications that extend beyond mere economic numbers. The latest round of tariffs, while less severe than those previously proposed by Trump, could add a burden of almost 30% on imports from China. This burden affects American consumers through price hikes on essential goods while also imposing challenges on Chinese manufacturers.
Roach voiced skepticism regarding the simplistic narratives surrounding tariffs, which are often propagated as beneficial to the American economy. He clarified that tariffs are essentially taxes on American companies importing goods, countering claims that they foster job growth or reduce prices.