- While Trump’s acolytes would insist that the trade war is good, necessary and will bear fruit in the long term, the hard evidence of the past two years is less persuasive
As the curtain falls on the first Trump presidency, it is timely to reflect on what has been achieved – or not. And nothing could be more at the heart of US President Donald Trump’s mission to “Make America great again” than an audit of his trade war on China.
It is more than two years since his crassest, most significant and most costly claim: “Trade wars are good, and easy to win.” The shocking naivety of that statement still makes me shudder. But having declared war, he has fought it, and continues to fight it, unflinching in his conviction that one way or another he will eventually succeed, and that the United States will have been made stronger in the process.
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