March 5, 2018

President Trump said he wants to "protect our country and our workers" by placing stiff tariffs on imported steel and aluminum. But the move risks ceding U.S. global economic leadership to China for years to come, some analysts and experts are warning.

"If implemented, the steel and aluminum tariffs would represent one of the most lopsidedly self-destructive U.S. trade policy decisions in recent memory," Ryan Hass, a fellow at Brookings Institution's John L. Thornton China Center and the Center for East Asia Policy Studies, wrote in an email.

Other experts agree with that assessment. Charles Hankla, an associate professor of political science at Georgia State University, wrote at the economic website The Conversation that the policy is "dangerous for the U.S. economy and for the international system."

Read more:

https://www.cbsnews.com/news/is-trump-ceding-global-trade-leadership-to-china/