Medical ties immune to decoupling talk
Clark Packard, the Trade Policy Counsel of R Street Institute, a Washington-based think tank, stressed that protectionist policies against China would hurt the working class and lower-income consumers the most, the Washington Examiner reported.
“[American businesses] would lose a significant customer base if we eliminated trade with China,” Packard warned. “And American consumers would see prices increase.”
“Countries that have trade and investment ties are less likely to go to war,” Packard explained. “So, we should be skeptical of the hawks in the United States saying it will make the US safer if we cut trade from China. I think history has proven that to be exactly the wrong idea.”
