According to Jostein Hauge, an assistant professor at the University of Cambridge, the economic impact of US tariffs on China is being mitigated by China's diversified trade partnerships. Hauge highlighted that these tariffs are not significantly harming China’s economy as intended.
Furthermore, Hauge pointed out that President Trump's use of tariffs is primarily a negotiating tactic rather than an incentive aimed at boosting the US economy. This strategic approach suggests that the tariffs are designed to pressure China into trade negotiations rather than to serve as a standalone economic stimulus for the United States.
Reference(s):
Cambridge economist: Trump's tariffs unlikely to hurt China or spur US
cgtn.com
