'Folks who aren't in the shadow of a factory are somewhere near a soy field where I live. And manufacturers, and especially soy farmers, are hurting,' Buttigieg added.
But current and former administration officials have cautioned that a deal with China. Trump has also threatened on multiple occasions to levy duties on $300 billion in Chinese goods that are imported to the U.S., which would result in taxes on nearly all U.S. imports of Chinese products.
U.S. tariffs on China and other sources have reportedly already raised prices on some goods. The Becker Friedman Institute of Economics at the University of Chicago, for instance,Taxing all imports from China would do the same for many more products — and that could be a liability for Trump's reelection chances.
Trump could open himself up to more attacks from Democrats on tariffs as the 2020 election nears. And while it was hardly the main focus of the first presidential debates,"The tariffs and the trade war are just punishing businesses and producers and workers on both sides," entrepreneur Andrew Yang said during the Democratic primary debate Thursday night.deeply affecting U.S.
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