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President Fang Dawei of the Bush USA-China Relations Fund: Tariffs are not beneficial to the USA and will exacerbate inflation.
On November 12, 2024, the 20th High-Level Summit of the China Institute in America was held in New York. David Firestein, President of the Bush China Relations Fund, stated during the summit's dialogue that current U.S.-China relations are facing unprecedented changes, with tariff policy becoming an important focal point in their relationship. Firestein believes that tariffs are detrimental to the USA, do not resolve trade issues, and will exacerbate inflation. "In my view, tariffs are not actions taken for economic or commercial purposes, but rather political actions. They do not
