Paul Krugman took questions from readers
about trade after President Trump’s announcement of tariffs on steel
and aluminum imports. Here are his answers to some of the hundreds of
questions he received. — By the Editors
1.
Literally every small consumer item I buy is made in China. Please
explain how this came to be (and whether you think we can or should take
steps to change it).
2.
Should all manufacturing jobs flow to the lowest-cost, lowest-wage
environments, regardless of working conditions or environmental impacts?
If not, how can a free-trade system prevent this?
3.
The government of China is subsidizing the growth of its electric car
industry by providing very significant subsidies (about one-third of
cost) to consumers. This subsidy will allow the industry to scale up
much more quickly and produce electric cars cheaper than anyone else. In
a free-trade world, is this good planning, or cheating? — read more..
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