Trump Stiffs Allies While Embracing Despots
Then we examine further Trump tariffs on allies and neighbors and the extent to which, because of anger at Trump from indignant populations in France, the U.K., Germany, Japan, Mexico and Canada, leaders of these countries will be forced to reciprocate and perhaps trigger a trade war. Rodrique Tremblay, professor emeritus of economics at the University of Montreal who was president of the Canadian Economics Society and a member of the Committee of Dispute Settlement of the North American Free Trade Agreement, joins us to discuss Trump’s revival of the nativist and isolationist stupidity which led to the Smoot/Hawley Act signed by President Hoover in 1930 which triggered a global depression. And since Trump is pandering to nativist protectionism in hopes of winning reelection in the Rust Belt in 2020, we assess whether corporate America and the Congress will step up to prevent a looming trade war.
Trump Revives Nativism and Protectionism Like the 1930 Smoot-Hawley Act
Then we examine further Trump tariffs on allies and neighbors and the extent to which, because of anger at Trump from indignant populations in France, the U.K., Germany, Japan, Mexico and Canada, leaders of these countries will be forced to reciprocate and perhaps trigger a trade war. Rodrique Tremblay, professor emeritus of economics at the University of Montreal who was president of the Canadian Economics Society and a member of the Committee of Dispute Settlement of the North American Free Trade Agreement, joins us to discuss Trump’s revival of the nativist and isolationist stupidity which led to the Smoot/Hawley Act signed by President Hoover in 1930 which triggered a global depression. And since Trump is pandering to nativist protectionism in hopes of winning reelection in the Rust Belt in 2020, we assess whether corporate America and the Congress will step up to prevent a looming trade war.