Bloomberg Surveillance · Monday, July 27, 2026
Joseph Lavorna suggests that tariffs are increasingly viewed as a tool for industrial policy, potentially creating a bipartisan consensus. He notes that even a Democratic administration might be hesitant to remove existing tariffs, given China's status as a competitor and adversary.
“Well, the economic theme is to have business friendly taxes, low regulation, and put up a tariff barrier so as to encourage foreign Catholic.”
“I don't have a problem with tariffs, So tariffs are I argue are a bipart is an issue, and in fact, regardless of what happens in the future, if the Democrats come in, I doubt they'll remove many of those terror to them.”
“But the pendulum politically has switched, and China now is a peer, competitors and a strategic adversary.”