Trump’s Protectionism: A Great Leap Backward
04.02.2018 :: United States
US Presidents, European leaders and their academic spokespeople have attributed China’s growing market shares, trade surpluses and technological power to its “theft” of western technology, “unfair” or non-reciprocal trade and restrictive investment practices.
President Trump has launched a ‘trade war’, - raising stiff tariffs, especially targeting Chinese exports – designed to pursue a protectionist economic regime. The China-bashers of the western world ignore the developmental experiences of the past two hundred and fifty years, starting with the post-revolutionary United States policy of protecting ‘infant industries’.