Over at the Washington Post, Heather Long has a writeup on President Trump’s partial delay, until near the end of the holiday season, of new tariffs on popular Chinese-made consumer products. I found this quote interesting:
“The decision to delay new tariffs on Chinese-made toys, smartphones, laptops and other popular holiday gifts is a tacit admission that consumers pay for tariffs, not Chinese producers,” said Ryan Young, a senior fellow at the Competitive Enterprise Institute.
Read the rest of the otherwise-excellent piece here.
Inertia Wins! 