Skip to main content

Trump's 'America first' trade policy ignores key lesson from Great Depression

Charles Hankla, Georgia State University

President Donald Trump declared his nearly two-week trip through Asia “tremendously successful,” but economic history should make us more skeptical.

During the trip, the president continued to promote his so-called “America first” trade policy. He is orienting the country distinctly toward protectionism and claiming that unilateralism in trade is good for America.

Here is the problem: President Trump’s approach to trade seems to be based on a false understanding of how the global economy works, one that also plagued American policymakers nearly a century ago. The administration has forgotten an important lesson of the Great Depression, and virtually all economists agree that this could have unfortunate consequences for the U.S. and the world.
If Trump puts ‘America first’ in trade, other countries will follow. And that’s bad news for ev
Trump's 'America first' trade policy ignores key lesson from Great Depression

Comments

Post a Comment

Popular posts from this blog

Building Your Garden Office From The Ground Up

Working from home can be an amazing thing. You’ll get to avoid those early morning chats by the coffee machine, being pestered by your boss, and you’ll be able to avoid that stressful commute every morning and evening. If you do decide to work from home, you’ll need a place to work which is separate from the rest of your home, and allows you to work without being distracted by anything. This is why many people have opted to build their own office in the garden, and here’s how you can too… Planning permission If you want to build an office with a bigger area than 15m2, you will need to consult your local authority for some planning permission. You will most likely need to follow some simple regulations such as the location and fire safety when you come to build the structure so make sure to check with the relevant people. Choosing the right size Once you’ve gained the accepta Building Your Garden Office From The Ground Up
Post a Comment
Read more

5 Christmas Marketing Ideas for Your Small Business

Christmas provides the perfect opportunity for businesses to maximize their engagement, improve their relationships and increase their profit margins. To ensure you make the most of the holiday season, check out the five Christmas marketing ideas for your small business. Add a Festive Touch to Your Branding Add a little festive flair to your branding to boost engagement and drive sales. Starbucks is a perfect example of utilizing the holiday season to boost sales, as their customers wait all year long for their famous red cups to arrive in store. So, update your branding to incorporate a seasonal touch into your logo, product packaging, social media profile pictures and email marketing campaigns. You can guarantee it will help your brand to stand out from the crowd. Send Holiday eCards Wish your customer and clients a Merry Christmas by sending holiday ecards from 5 Christmas Marketing Ideas for Your Small Business
Post a Comment
Read more

4 Key Things Your Food Service Business Needs

It is now a very good time to start up a food service business. Having come out of the global recession, more and more people are finding themselves in the position to splash out. One common area for this money to be spent is the food service industry. This type of business is extremely versatile, as it can cover all sorts of types of events and venues. If you intend to run a business serving food at weddings and other functions, there is a healthy market for that. Likewise, if you want to cater for schools or hospitals, you will probably find places that need your help. Alternatively, it could be more of a charity, such as delivering to the homes of incapacitated people. Whatever you end up doing with your business, it can be a viable area to get into. But what will make it a success? Here are four key aspects for the running of a successful food service business.   The 4 Key Things Your Food Service Business Needs
Post a Comment
Read more