Bill Jencks

Trade Protectionism Benefits No One

I completely agree with this article, the author has proved his case from history well.

Another thing to consider in these tit-for-tat tariff wars is this: Virtually every article I read concerning this problem sides with the American case. But there is no assessment of its real economic effects(except for this article).

So I would also add the we have a large debtor nation(US) warring economically with a large creditor or saver nation(China) who are both mutually dependent on each other economically. So these tariff wars will only promote more financial problems for both nations. I also feel, with America's slim and fragile manufacturing sector that is so dependent on China, that America will come off far worse than China economically if these tariff wars persist.

And another thing that was not mentioned in the above article -- at the last G20 meeting in London, Obama strongly adhered to, promoted and advised anti-protectionist global policies across the board.

Plainly, President Obama has reneged on his own word and advice.

Good for America?