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The Further Bungling of US Trade (Anne O. Krueger, Project-Syndicate)

Among former US President Donald Trump’s many policy mistakes, some of the worst were in the area of trade. His administration’s sweeping tariffs on imported steel and aluminum were neither sensible nor even effective in achieving their stated objectives. The “trade war” with China was a spectacular failure: America’s trade deficit continued to grow, and no new agreements on intellectual property, e-commerce, or other crucial issues were ever reached. Under the much-touted “Phase One” agreement, signed in January 2020, China was forced to intensify its managed trade, rather than adopting a more market-oriented approach.

The Further Bungling of US Trade by Anne O. Krueger – Project Syndicate (project-syndicate.org)