By starting a trade war, President Trump is playing with matches in a gunpowder factory. Other nations are retaliating, creating the risk of escalating tit-for-tat protectionism.
But is that really what’s happening? Is it possible that the President instead is playing hardball to get other nations (who generally have more trade barriers than America) to open their markets?
Depending on who you ask, you get different answers to those questions.
Steve Moore of the Heritage Foundation lavishes praise on Trump for being a de facto proponent of free trade.
Trump and the European Union reached a handshake deal that is designed to LOWER tariffs on both sides of the Atlantic. They agreed to shoot for zero tariffs on both sides of the Atlantic. Sounds like freer and fairer trade to me. …It gets better:
the two sides also agreed in principle to find ways to combat “unfair…
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