Thank you for the reply Ridge, I appreciate your thoughts as ever…
I’ll concede that he claims “in public” to be in favour of ‘free trade’ (and he certainly benefitted from cheap foreign labour as a businessmen, that being a cardinal irony if you will given what he says now to appeal to white blue-collar workers fearful of losing their jobs to the very people who once enriched Trump himself) but his stated policies belie any claims to the contrary.
Levying exorbitant tariffs on any country that is deemed to be unfairly or “unilaterally” benefitting from US trade policy might very well be attractive to people who want to stick two-fingers up to the outside world. But when these blue-collar Americans start having to pay huge inflated sums for frequently used products and manufacturing production (name removed by moderator)uts go up in price, as a result of the punitive retaliation the US will receive from other countries in response, they might live to regret jumping on board with the Donald. It will be revealed as a big ‘populist’ con of the working man. That’s on top of the slowdown in international growth that will likely accrue, as happened with Smoot-Hawley under Hoover (and I
do side with the orthodox historiography on that front).
Trump’s trade “policies” make excellent
'bread and circuses’ theatre shows for the masses. But translate them into realpolitik and they are likely to be disastrous in the international arena.
If a global recession occurs from Trump’s trade wars, we may resume discussion on this point regarding his ‘protectionism’ and the merits thereof…Watch this space…
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