What is being referred to as a “trade war” in the media and by the President is not a trade war at all, but an anti-trade war. If the expression “trade war” has any meaning it refers to the battle among businesses that goes on every day for the hearts, minds, and ultimately dollars of consumers. That is, for the opportunity to make trades with willing partners. The only losers in this war are the businesses that are rejected by consumers. The reality of the “anti-trade war,” which President Trump claims would be easy to win, is that there are no winners. When the government uses coercion, i.e. tariffs, to prevent mutually beneficial exchanges from being made, the results are strictly lose-lose.
by Roy Cordato
March 5, 2018 at 2:24 pm
Roy Cordato / Senior Economist and Resident Scholar
Roy Cordato is Senior Economist and Resident Scholar at the John Locke Foundation. From January 2001 to March 2017, he held the position of Vice President for Research at the ...
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