Biden's new tariffs show he's willing to play hardball as China ramps up exports, Nobel economist Paul Krugman says
US President Joe Biden (R) and China's President Xi Jinping (L) meet on the sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali on November 14, 2022.
SAUL LOEB/AFP via Getty Images
- Biden's tariffs on China are a gesture to show the US will not accept another wave of Chinese imports, Paul Krugman wrote in an op-ed.
- The previous "China shock" was damaging to US employment, given the localized nature of US industry.
- China is relying on heavy...
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