There is a lot of concern over the possibility of a trade war between China and the U.S. In early April, President Trump announced that his administration was considering levying $100 billion of additional tariffs on Chinese exports, after the Chinese government responded to a previously proposed U.S. tariff hike on Chinese goods of $50 billion by
The U.S. — China Tariff Dispute Is Really About Protecting US Global Corporate Dominance
Although the media largely echoes President Trump’s claim that his tariff threats directed at China about trying to reduce the large U.S. trade deficit, the president has a far narrower aim—that is to protect the monopoly position and profits of dominant U.S. corporations.
