No Trade Is Free: Changing Course, Taking on China, and Helping America's Workers

A military-industrial strategy for the U.S. and its allies to match China will need to involve three elements:

1. Tariffs and other trade barriers against China , in order to prevent sudden floods of Chinese exports from forcibly deindustrializing other countries.




2. Industrial policy , to maintain and extend manufacturing capacity in democratic nations.

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Ray Dalio《关税的影响:运转机制》