The Corner

Economy & Business

What a Trade-War Victory Would Look Like

What happens if China gives in on intellectual property and the U.S. doesn’t impose tariffs? Scott Sumner projects the effects of this best-case scenario: “Incomes would rise in coastal California, Boston, Manhattan and the D.C. area. Incomes would fall in the rust belt and parts of the South.”

Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

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