Trump’s Mercantilist Mess (Project-Syndicate)

When US President Donald Trump boasted that trade wars are “easy to win” in March 2018, it was convenient to dismiss the remark as a rhetorical flourish. Yet it is now clear that Trump meant it, because he genuinely believes the bizarre and anachronistic macroeconomic theories underlying his approach.

https://www.project-syndicate.org/commentary/trump-trade-policy-mercantilism-by-robert-j-barro-2019-09

Robert J. Barro is Professor of Economics at Harvard University and a visiting scholar at the American Enterprise Institute. He is co-author (with Rachel M. McCleary) of The Wealth of Religions: The Political Economy of Believing and Belonging.

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