Trump Gives Protectionism a Bad Name

Trump Gives Protectionism a Bad Name
AP Photo/Alex Brandon, File

Trump's fulminations about NAFTA, subsidized Chinese steel, protected Canadian dairy products, and failed Obama-era trade deals, have produced a spate of articles warning about the damage Trump's trade policy could do to the global economic order. The most instructive of these was a recent New York Times piece by their senior economic writer Eduardo Porter.

Porter began: “It seems President Trump is ready to start rolling back globalization. Let's hope he doesn't blow up the postwar economic order.”

According to Porter, Trump might turn his back on the World Trade Organization, as “he retreats from prior American commitments to global trade.” Porter asks, rhetorically, “Will he eschew the multilateral framework in pursuit of a set of bilateral deals, turning his back on a long history of trade diplomacy?”

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