A consistent theme of Trump’s statements about trade has been that the United States has made bad trade deals in the past and that our trading partners have rationally taken advantage of the “stupidity” of our leaders. He’s often said he isn’t angry about what the other nations did because they were just doing what was in their interest.
Monday, July 30, 2018
What Trump Knows About Tariffs that Establishment Trade Economists Forgot
What Trump Knows About Tariffs that Establishment Trade Economists Forgot:
Establishment trade economists appear to be united in both their contempt for Donald Trump’s tariffs and their ignorance that it is rooted in standard trade theory.
A consistent theme of Trump’s statements about trade has been that the United States has made bad trade deals in the past and that our trading partners have rationally taken advantage of the “stupidity” of our leaders. He’s often said he isn’t angry about what the other nations did because they were just doing what was in their interest.
A consistent theme of Trump’s statements about trade has been that the United States has made bad trade deals in the past and that our trading partners have rationally taken advantage of the “stupidity” of our leaders. He’s often said he isn’t angry about what the other nations did because they were just doing what was in their interest.
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