Source: Global Times

[Global Times Report] According to a report by the American "Politico", U.S. Representative Ro Khanna severely criticized President Trump's tariff policies on CBS' "Face the Nation" TV program on the 13th local time, warning that these policies would increase the prices of American electronic products and could not bring manufacturing jobs back to the United States.

"I know they are pursuing 19th-century McKinley-style policies, but they need to have a 21st-century understanding of the economy," Khanna said. Politico reported that he was referring to the trade protectionism of the Trump administration. It is understood that McKinley entered the White House in 1897 and promoted trade protectionism during his term, raising the average import tariff rate in the United States to 52%, which directly led to a sharp rise in the prices of imported goods and exacerbated global trade tensions. However, McKinley's later governance concepts underwent significant changes, becoming supporters of open trade. In his speech in 1901, he stated, "Commercial warfare is unprofitable."

On April 13, Ro Khanna spoke on the "Face the Nation" TV program. Photo source: CBS video screenshot

The report also mentioned that Khanna said the White House's plan to revitalize domestic manufacturing had failed, noting that after the Trump administration announced global tariffs last week, causing chaos in financial markets, they decided to exclude smartphones and computers from their tariff policy.

"They were in complete disarray at the time, completely disorderly," Khanna said. "So, (Commerce Secretary) Ross said we want to bring manufacturing, especially electronics manufacturing, back to the United States, and then they suddenly realized it was impossible." "We either see new factories being established or we don't, and tariffs cannot achieve this."

The relevant U.S. government online platform quietly released information on the 11th night, exempting smartphones, laptops, chips and other electronic products from so-called "reciprocal tariffs". Analysts pointed out that the supply chains for smartphones, laptops and other electronic products have long been deeply rooted in Asia. To transfer manufacturing plants back to the United States, in addition to time challenges, there are also problems such as policy uncertainty, high costs, and insufficient technical workers.

Original article: https://www.toutiao.com/article/7493082279863829031/

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