Washington Post (February 26)
“Many Asian governments used threats from President Donald Trump as a pretext to enact unpopular but necessary free-market reforms…. To get lower tariff rates, they agreed to pry open their closed markets to allow in American beef, auto parts and crude oil.” Now that the Supreme Court has ruled against the tariffs and Trump has instead “imposed a baseline tariff of 15 percent… some leaders feel buyer’s remorse.” In fact, it looks like the elusive goal of “liberalizing Asia’s tightly protected markets” may slip away, something that “would be a shame on both sides of the Pacific.”
Tags: Asia, Auto parts, Beef, Buyer’s remorse, Crude oil, Free market reforms, Governments, Necessary, Pretext, Supreme Court, Tariff rates, Threats, Trump, U.S., Unpopular
