Video: United States Self-Defeating Tariffs on China

Video: United States Self-Defeating Tariffs on China 美國自取其辱的對華關稅 – Richard Wolff

https://vimeo.com/586031606
https://youtu.be/CDw5OmzYkGo
https://www.facebook.com/100036400039778/posts/545916266631703/?d=n

“[China] found customers in the rest of the world, they lowered the price, that even offset part of the US tariffs, and here we are years afterwards and they’re still the dominant player [in solar panels], more dominant today than they were then. [The tariffs] didn’t work and it often doesn’t…. When it’s talked about now it’s not understood that part of the cause of inflation in the United States is US policy blocking China and indeed other parts of the world from bringing goods. So it’s a little bit self-defeating. No, let me take that back. It’s very self-defeating.” – Richard D. Wolff

Richard David Wolff is an American Marxian economist, known for his work on economic methodology and class analysis. He is Professor Emeritus of Economics at the University of Massachusetts Amherst, and currently a Visiting Professor in the Graduate Program in International Affairs of the New School in New York.