Any plan using tariffs to protect the US against China, Mexico, or whomever would be economically dangerous as raising taxes into a global economic decline. Human behavior predicts repeats of both mistakes to thunderous applause.
Headline: Trump's tariff plan could boomerang, spark trade wars with China, Mexico
Donald Trump's threats to slap steep tariffs on Chinese and Mexican imports may have won him votes in Republican primaries but they would likely backfire, severely disrupting U.S. manufacturers that increasingly depend on global supply chains.
The Republican presidential front-runner's campaign pledges to impose 45 percent tariffs on all imports from China and 35 percent on many goods from Mexico would spark financial market turmoil and possibly even a recession, former trade negotiators, trade lawyers, economists and business executives told Reuters.
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