Another view

Michael Lind: Why Tariffs Are Good 

In 2023 China produced roughly half of the world’s crude steel. China is the world’s largest automobile maker, accounting for a third of the global total. China’s state-backed aerospace company, the Commercial Aircraft Corporation of China (COMAC), threatens to take global market share from America’s Boeing and Europe’s Airbus. China is also the world’s largest commercial shipbuilder, responsible for more than half of all shipbuilding. America’s share of the global shipbuilding market is 0.10 percent. …During the Covid pandemic, Americans were shocked to learn how dependent the U.S. is on medical supplies from China, which provides around 30 percent of active pharmaceutical ingredients used in drugs by value and 78 percent of the vitamins in the U.S. A single Chinese company, DJI, controls 90 percent of the American drone market, including 90 percent of the drones used by American police departments and first responders.