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Trump is all in on a bad economic policy from centuries ago (shared)

By Ilene
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Trump is all in on a bad economic policy from centuries ago

Mercantilism made Europe’s colonial powers poorer. Trump is trying a modern version anyway.
 

By Kate Andrews, Washington Post 

When first-term President Donald Trump said in 2018 that “we reject the ideology of globalism, and we embrace the doctrine of patriotism,” he didn’t have many friends rolling in behind him. His calls to upend global trade seemed as disruptive — and as unlikely to happen — as his first election victory. Surely, once the president was out of office, the lurch toward U.S. protectionism would end.

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