roach72_Johannes Eisele_AFP_Getty Images_trump china Johannes Eisele/AFP/Getty Images

Trump’s Gathering Trade War

Donald Trump's use of foreign trade as a lightning rod in his presidential campaign is not an uncommon tactic for candidates at either end of the political spectrum. What is unusual is that he has not moderated his anti-trade tone since winning, despite the potentially disastrous consequences for the US and the world.

NEW HAVEN – During his campaign, US President-elect Donald Trump used foreign trade as a lightning rod in his supposed defense of the beleaguered American middle class. This is not an uncommon tactic for candidates at either end of the political spectrum. What is unusual is that Trump has not moderated his anti-trade tone since winning. Instead, he has upped the ante and fired a series of early warning shots in what could turn into a full-blown global trade war, with disastrous consequences for the United States and the rest of the world.

Consider Trump’s key personnel decisions. Industrialist Wilbur Ross, the Commerce Secretary-designate, has been vocal in his desire to abrogate America’s “dumb” trade deals. Peter Navarro, an economics professor at the University of California at Irvine, will be the director of the National Trade Council – a new White House policy shop to be set up on a par with the National Security Council and the National Economic Council. Navarro is one of America’s most extreme China hawks. The titles of his two most recent books – Death by China (2011) and Crouching Tiger: What China’s Militarism Means for the World (2015) – speak volumes about his tabloid-level biases.

Ross and Navarro were also co-authors of an economic-policy position paper published on the Trump campaign website that stretched any semblance of credibility. Now they will get the opportunity to put their ideas into practice. And, in fact, the process has already begun.

To continue reading, register now.

As a registered user, you can enjoy more PS content every month – for free.

Register

or

Subscribe now for unlimited access to everything PS has to offer.

https://prosyn.org/iRD7kuj