So it turns out when you elect an impulsive, anger-prone mercantilist who campaigned and won the presidency on a platform to stop "Letting" America's international trading partners get away with "Murder," he might impulsively launch a trade war without so much as properly consulting his own staff.
When a country is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win.
When we are down $100 billion with a certain country and they get cute, don't trade anymore-we win big.
According to two officials, Trump's decision to launch a potential trade war was born out of anger at other simmering issues and the result of a broken internal process that has failed to deliver him consensus views that represent the best advice of his team.
This Yahoo Finance headline sums things up well: "Economists pan Trump trade policy as 'terrible,' risks ending economic expansion."
As Ilya Somin has noted over at The Volokh Conspiracy, Trump has dramatically shifted Republican public opinion on trade.
The president has considerable latitude on trade policy, particularly when dressed up unconvincingly as "National security." If Trump really wants his trade war, Trump will get his trade war, even if every member of Congress was to spontaneously agree with Sen. Ben Sasse that "No trade war has ever worked." This was always a central objection to candidate Trump, one that many people who have long supported free trade found less persuasive than their antipathy toward his competitors.
http://reason.com/blog/2018/03/02/trumps-impulsive-trade-war-politics-will
When a country is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win.
When we are down $100 billion with a certain country and they get cute, don't trade anymore-we win big.
According to two officials, Trump's decision to launch a potential trade war was born out of anger at other simmering issues and the result of a broken internal process that has failed to deliver him consensus views that represent the best advice of his team.
This Yahoo Finance headline sums things up well: "Economists pan Trump trade policy as 'terrible,' risks ending economic expansion."
As Ilya Somin has noted over at The Volokh Conspiracy, Trump has dramatically shifted Republican public opinion on trade.
The president has considerable latitude on trade policy, particularly when dressed up unconvincingly as "National security." If Trump really wants his trade war, Trump will get his trade war, even if every member of Congress was to spontaneously agree with Sen. Ben Sasse that "No trade war has ever worked." This was always a central objection to candidate Trump, one that many people who have long supported free trade found less persuasive than their antipathy toward his competitors.
http://reason.com/blog/2018/03/02/trumps-impulsive-trade-war-politics-will
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