“This year marks the 40th anniversary of one of the most consequential anti-poverty programs in human history,” says Rev. Ben Johnson in this week’s Acton Commentary. “Now, there is evidence that its spillover effects may lift millions more out of dire need.”
The new openness to enterprise, private property, and investment led to China’s meteoric economic rise. Now, Donald Trump’s tariffs are encouraging manufacturers to take their factories elsewhere.
Ian Chen, CEO of a Chinese technological exporter, said that Trump’s tariffs have his fellow manufacturers “seriously considering setting up a backup production line in Malaysia or Vietnam to prepare for the worst.”
The full text of the essay can be found here.