Are Trump’s tariffs a good idea?
From our UK edition
Yes Supporters of the global free-trade regime that has been built up over the past 25 years like to think of themselves as capitalists. Benevolent capitalists, perhaps — ones who have only the interests of the world’s poorest workers and their own nations’ least wealthy consumers at heart — but capitalists nonetheless. So why is the biggest beneficiary of their world order in fact the last of the great, deadly serious Communist states — the People’s Republic of China? Trump’s tariffs, far from being the end of the liberal economic order, may be the one thing that can save it. That order, after all, to an embarrassing degree depends upon America’s dominant position in the world.
