Donald Trump’s trade policy makes literally no sense

The president has reignited his trade war with China – but he clearly doesn’t understand even the basics of how trade works.

Donald Trump is talking a lot about trade. The president has reignited his trade war with China, increasing tariffs on around $200bn of Chinese imports, and attracting retaliatory tariffs on billions of dollars of US exports to China.

Determined to show his base he’s putting America first, Trump is tweeting out his masterplan day after day, explaining that the tariffs are raising billions, are great for America, and will lead to great results.

While the president’s...
source: New Statesman

2019-05-15 19:38
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