Protectionism: The Jewel in the Crown of Trumponomics ~ The Imaginative Conservative

Protectionism: The Jewel in the Crown of Trumponomics ~ The Imaginative Conservative

President Trump’s protection of the American economy through the implementation of protectionist principles with regard to trade is nothing less than an extension of his desire to protect America’s sovereignty. “Protection will lead to great prosperity and strength.” —Donald Trump (First Inaugural Address) The world is full of ironies… and the world of politics especially. It was, for instance, ironic that those who rioted at President Trump’s i…

In reality, Trump has put in place a protectionist strategy with tariffs of 29% on average.

U.S. tariffs could blow up the global trading system and have consequences that Donald Trump does not mention, point to several economic media. This attempt is reminiscent of American protectionism of the 1930s and its heavy consequences for the world economy.