President Trump’s trade decisions have already reaped benefits for US workers, believes Stephen Moore of Investor’s Business Daily. Trump correctly understands that other nations have taken advantage of the current trade imbalance, selling their products in America while not buying from it. South Korea agreed to increase its purchases in the US and reduce trade barriers. Local car producers like Ford or GM will see more business because of this. China has also agreed to better police intellectual property theft and cease making foreign companies share technology with it. This will advance America’s workers.
President Trump’s trade policies are hitting American workers where it hurts, asserts Sophia Tesfaye of Salon. The tariffs that China will implement after Trump’s trade barriers on the country will hurt manufacturers and farmers the most. Higher prices on steel, for example, would raise their expenses significantly. These and other tariffs are aimed at areas that are important to Trump. He will see his support there dwindle as his policies directly cause an economic downturn. But the whole of America will suffer from higher prices across the board. The stock market has already dropped, predicting more economic losses.