Tariffs, Industrial Policies Like the CHIPS Act, Help Protect U.S. From ‘China Shock 2.0’ - Coalition For A Prosperous America

Tariffs, Industrial Policies Like the CHIPS Act, Help Protect U.S. From ‘China Shock 2.0’ - Coalition For A Prosperous America

The second round of the early 2000s ‘China Shock’ will impact the rest of the world more than it will the United States. Tariffs and industrial policies – like the CHIPS Act and the Inflation Reduction Act – have somewhat protected the U.S. from China’s relentless exports. Other countries are in worse shape.“Emerging economies are now experiencing the same thing the U.S. experienced with China,” said Livia Shmavonian, commissioner at the U.S. Ch…