THE HIGH STAKES OF THE TARIFFS
DONALD TRUMP: “The United States can no longer produce enough antibiotics to treat our sick. We import virtually all of our computers, phones, televisions, and electronics—we used to dominate the field, and now we import it all from different countries. A single shipyard in China produces more ships—chips—every year than all of the American shipyards combined. Think of that—it was a business we used to dominate, we used to dominate it totally. Chronic trade deficits are no longer merely an economic problem—they are a national emergency.”
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