Self-Defeating Tariffs on China - Richard Wolff

CA 3 Self-Defeating Tariffs on China - Richard Wolff 19,940 views Aug 10, 2021 1.5K 23 Share Save Democracy At Work 246K subscribers "[China] found customers in the rest of the world, they lowered the price, that even offset part of the US tariffs, and here we are years afterwards and they're still the dominant player [in solar panels], more dominant today than they were then. [The tariffs] didn't work and it often doesn't.... When it's talked about now it's not understood that part of the cause of inflation in the United States is US policy blocking China and indeed other parts of the world from bringing goods. So it's a little bit self-defeating. No, let me take that back. It's very self-defeating." - Richard D. Wolff This is a clip from Economic Update: "A US Left Rises to Remake the World" [S11 E29] Watch the full episode here: https://youtu.be/Dp724UbMtrQ ______________________________________________________________________________________ We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: https://www.patreon.com/economicupdate Become a monthly donor via our website: https://www.democracyatwork.info/donate _______________________________________________________________________________________ Learn more about d@w's NEW BOOK by award-winning print and broadcast journalist Robert "Bob" Hennelly. Stuck Nation: Can the United States Change Course on Our History of Choosing Profits Over People? www.democracyatwork.info/books “Hennelly brilliantly analyzes our capitalist crises and how individuals cope with them, tragically but often heroically. He helps us draw inspiration and realistic hope from how courageous Americans are facing and fixing a stuck nation.” - Richard D. Wolff Check out Prof. Wolff's other books: "The Sickness is the System," "Understanding Socialism," and "Understanding Marxism" http://www.lulu.com/spotlight/democra... _________________________________________________________________________________________ Want to help us translate and transcribe our videos? Learn about joining our translation team: http://bit.ly/2J2uIHH Jump right in: http://bit.ly/2J3bEZR Follow us ONLINE: Patreon: https://www.patreon.com/economicupdate Websites: http://www.democracyatwork.info/econo... http://www.rdwolff.com Facebook: http://www.facebook.com/EconomicUpdate http://www.facebook.com/RichardDWolff http://www.facebook.com/DemocracyatWrk Twitter: http://twitter.com/profwolff http://twitter.com/democracyatwrk Instagram: http://instagram.com/democracyatwrk Subscribe to our podcast: http://economicupdate.libsyn.com Shop our Store: http://bit.ly/2JkxIfy 573 Comments Auggie Giuseppe Add a public comment... AM M OB AM M OB 22 hours ago I was amazed by the Chinese government's determination to lift most of its people out of poverty in a very short period. At least they look out for their people. 98 Nameless Warrior Nameless Warrior 20 hours ago America and the west are obsessed with China like that scorned ex-girlfriend that just won't accept that China is not that into her anymore! 14 F Q F Q 1 day ago The tariffs are useless, China is the only country on earth with a complete and efficient industrial complex and high end infrastructure to deliver goods to the rest of the world. 92 Denton Fender Denton Fender 1 day ago Good report by Professor Richard Wolff. 48 Tammy Lei Nyo Tammy Lei Nyo 10 hours ago I have been to Xinjiang many times, there different ethnics and religions in Xinjiang and there are more than 25,000 mosques in Xinjiang alone, everyone here get along so i dont know why the West is so obsessed over our cities and provinces while they cant look after their own backyard, we live in peace so leave us alone please. Come to Xinjiang and you will love it. 28 elmartillogrande elmartillogrande 1 day ago in the last 10 years China has CUT Poverty in Half.. while America has Doubled Poverty.. 48 chase chase 1 day ago its just kinda funny how so-called conservatives vote republican JUST because they "say" they want a free market. but republicans arent offering a free market! lol. it's the only issue they care about but they don't even get it. and you never see them organizing in the streets or lobbying anyone. 29 Michael L Michael L 17 hours ago Well said, as always Professor Richard Wolff does.