Monday, August 05, 2019

Trade Wars Are Easy To Win

One can think our approach to China generally is a problem, that free trade as a pure good that cannot be questioned is ridiculous, and that Trump's tariff policies are at best stupid. Things are complicated!

But, generally, as the UK is discovering with the EU, and the US is discovering with the whole world, it is best not to bet on the idea that they need us more than we need them.