Is Trump's Trade Strategy Hurting America?

Mr. Trump's confidence in pressuring China is misguided. Chinese companies are familiar with tough challenges and can endure pressures that American businesses might struggle with. While the U.S. faces disruptions, like shortages of goods made in China, China continues to develop its manufacturing capabilities, such as producing essential antibiotics. The competition among Chinese firms is fierce, and even as the economy slows, many still manage to survive with local government support. In contrast, American tariffs may cause short-term pain, but they could also lead to long-term changes in supply chains, affecting consumers on both sides.