In response to Beijing’s longstanding commercial espionage practices, President Donald Trump embarked on a series of tariffs against China earlier this year. Free-trade economists and media pundits offered dire warnings when the tariffs were announced. But as recent data have made clear, the tariffs are working. U.S. manufacturing employment has grown by 296,000 jobs over the past year, including 32,000 factory jobs added in October alone.
With the tariffs making progress, it would be unfortunate to see their impact blunted by potential loopholes. But that may be exactly what’s happening, thanks to a recent decision by Customs and Border Protection (CBP) to exempt many Chinese products from tariffs.[more...]