Trade: On the campaign trail, both Republican
candidate Donald Trump and Democratic presidential candidate Hillary
Clinton have become increasingly anti-free trade. Free traders may be in
for a nasty surprise.
Right now, given current polls, Clinton seems most likely to be the next chief economic policy maker. If so, she will be the most anti-free trade leader of a major party since World War II.
In recent days, Clinton has criticized trade deals that she says hurt jobs, singling out the Trans-Pacific Partnership, a mega-deal involving 12 countries in Asia, North America and Latin America involving hundreds of billions of dollars in trade. After unveiling her new economic plan on Thursday, she promised to "ramp up enforcement" of trade laws and to even appoint a "chief trade prosecutor."
Criminalizing trade. Really?
Economists largely agree that the world's incredible economic success after World War II and into this century was due to a global move toward freer trade, lower tariffs and bigger global markets. Today, sadly, both parties seem prepared to abandon that.
http://www.investors.com/politics/editorials/tough-talk-on-trade/
Right now, given current polls, Clinton seems most likely to be the next chief economic policy maker. If so, she will be the most anti-free trade leader of a major party since World War II.
In recent days, Clinton has criticized trade deals that she says hurt jobs, singling out the Trans-Pacific Partnership, a mega-deal involving 12 countries in Asia, North America and Latin America involving hundreds of billions of dollars in trade. After unveiling her new economic plan on Thursday, she promised to "ramp up enforcement" of trade laws and to even appoint a "chief trade prosecutor."
Criminalizing trade. Really?
Economists largely agree that the world's incredible economic success after World War II and into this century was due to a global move toward freer trade, lower tariffs and bigger global markets. Today, sadly, both parties seem prepared to abandon that.
http://www.investors.com/politics/editorials/tough-talk-on-trade/
No comments:
Post a Comment