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President Trump’s Isolationist Economic Fence Threatens Our Economic Future

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22.06.2019

President Trump’s barrage of tariffs could blow up our economy in a way not seen since Congress passed the 1930 Smoot-Hawley Tariff Act. We know how that ended. It took World War II to get us out of the worst depression our nation ever faced.

The analogies between then and now are striking. Overwhelmingly, economists opposed the tariffs in 1930. Today, Peter Navarro, who serves in the White House, is the only economist I know of who thinks tariffs are a good idea. And last week he suggested we pull out of the World Trade Organization (WTO), despite the fact the U.S. helped create it and the WTO has mostly sided with the U.S. in resolving trade disagreements. Navarro wants to build an economic fence around the U.S. with unprecedented isolationism.........

© Townhall