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The Conversation: What history teaches us about who wins in trade wars [MarketWatch]

NEW YORK TIMES (NYT)  More Company Research Source: MarketWatch
Last new york times earnings: 8/8 08:30 am Check Earnings Report
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PDF Opinion: What history teaches us about who wins in trade wars President Donald Trump finally appears poised to make good on his promised threats to slam the door on free trade and erect walls around the country’s economy. Citing the need to protect national security, he released plans to impose tariffs of 25% on foreign steel and 10% on aluminum for a “long period of time.” This new initiative stems directly from the “America First” trade policy he has been promoting since the presidential campaign. Trump is orienting the country distinctly toward protectionism and claiming that unilateralism in trade is good for the U.S. But economic history should make Americans skeptical of this claim. 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 policy makers nearly a century ago. Essentially, the administration has forgotten an important lesson from the Great Depression. Virtually all economists an [Read more]

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