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By Federalist, Feb. 06, 2017
President Trump has talked about 35 percent tariffs on foreign goods and an array of “border taxes,” such as the tariff with Mexico he proposed last week. He intends to name China a so-called “currency manipulator” on the basis of a mere bilateral trade gap. He’s denounced the North American Free Trade Agreement (NAFTA) and the omnibus Pacific Trade Treaty (PTT). He’s condemned China’s acceptance in the World Trade Organization (WTO—followed all this with a threat to withdraw from the WTO altogether.
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