Answer:
Research has found that the tariffs caused importers to shift away from China and reorganize supply chains. Even more, the president's tariffs have decreased trade altogether – both imports and exports – which raises prices and reduces options for both consumers and businesses in the United States. Other issues that affect the bilateral trade flow include China's industrial policies that favor state-owned enterprises, disagreement on China's WTO obligations, and failure to protect U.S. intellectual property rights. Tariffs have three primary functions: to serve as a source of revenue, to protect domestic industries, and to remedy trade distortions (punitive function).
Explanation:
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