The Transylvania Times -

Trade War Is Hurting Us

 

August 19, 2019



"Trade wars are good, and easy to win."

-President Donald Trump, March 1, 2018

Contrary to President’s Trump’s proclamation that trade wars are good and easy to win, the adversary plays a significant role in determining the outcome, and if the adversary is a major world economic power, such as China or the European Union, there can be far more winners than losers. The negative effects of trade wars among major economic powers have been pointed out by economists whose politics lean left and right.

Tariffs are effective only when they target certain products, which, in turn, affect the...



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