To Tax or Not to Tax

This week’s story update on the Election Central Web site examines the growing economic tensions between the United States and China.

The United States and China trade about $650 billion worth of goods and products every year. But earlier this month, President Trump announced that he would raise tariffs on more than a thousand imported Chinese goods by 25 percent. This means that it will now cost 25 percent more for those goods to enter our country. Trump’s reasoning is that this will help create newer and stronger manufacturing jobs for Americans. After all–if we can’t buy cheap goods from China, we will have to make our own, right?

To learn more about this story, click here to visit the Election Central Web site and read the full posting.

Credit: McGraw-Hill Education