When Consumers Win, Who Loses?
Every country's economy is a mix, but usually one group--producers or consumers--gets favored through tax breaks or subsidies. China and the U.S. stand at opposite extremes. If the U.S. economy is to get stronger, it should emulate Germany, which has a more balanced set of economic policies. Tariffs are high enough to protect German producers from Asian rivals but low enough to prevent them from becoming complacent. Taxes on fossil fuels go to support R&D in value-added manufacturing and clean energy sectors.