History Says Trade Protectionism Has Never Worked

Third Way: “A central tenet of Donald Trump’s platform is to enact a series of protectionist trade measures to isolate the United States from the rest of the global economy. Specifically, Trump wants to levy tariffs of 45% on Chinese goods and 35% on Mexican goods, in addition to withdrawing from a number of multilateral agreements—all in the hopes of undoing globalization.”

“Would Trump’s isolationist policy work? If you look back, the United States has implemented protectionist policies on a number of occasions. And the results have been the same: grave economic consequences.”

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