Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Polls shift toward getting tough with China on trade
In 2011 and then in 2012 Pew asked whether respondents supported getting tough with China on trade. The poll shows a substantial shift toward more respondents in favor of getting tough with China on trade. As reported in http://www.pollingreport.com/china.htm, here are the summary results from the recent (October 2012) poll and the earlier one. Support for getting tougher increased by nine points and support for "building a stronger relationship" decreased by eleven points.
These changes suggest that public patience with the vastly imbalanced China trade may be running out. If the United States does decide to get tougher, hopefully it will use a strategy that provides the best chance of building a stronger, better, and more balanced economic relationship. The scaled tariff (http://www.esteyjournal.com/j_pdfs/richman12-2.pdf) is one of the best alternatives for such a strategy.
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