Why development, welfare should trump tariffs

There is no point making a calculated guess on the US government's intention of repeatedly imposing sanction-like policies upon China, but the well-thought-out effects are definitely heading nowhere close to the expectation.

If the sorrows of the American people had a sliver of correlation with the growth of China's trade surplus and overall economic competitiveness, the real driver would have been lying elsewhere.

Delving deep into the root, it is the fundamental economic growth that really matters, not only in the industrial age but also in the digital era. The rationale is crystal clear from the perspectives of classical economics and political science.