Episode 29: Intro to Opium War, US-China Trade War, and Modern Global Trade
Aug 5, 2020 In 2018, President Trump pulled out of the TPP. The Trump Administration promoted protectionism and it no longer wanted to negotiate trade, among small groups of multiple countries, rather insisting on a bilateral front of negotiations taking place between only two countries. President Trump believed that their current international trade agreements were removing jobs from workers in the United States and outsourcing jobs to other countries such as India and China. As a result, President Trump decided to follow through on his promise to bring back jobs by imposing tariffs on other countries, most notably China, in an attempt to decrease Chinese imports, therefore, decreasing competition for domestic companies and workers.