Trump trade policy is a relic of 19th century economic thinking

Share story

President Trump’s impulse to slap tariffs on every major trading partner is reminiscent of America’s trade debates in the 1800’s. When William McKinley, a long-time advocate of tariffs, became president in 1896, he quickly realized how counterproductive tariffs could be in an age when products from the United States were beginning to flood world markets. McKinley wisely reversed course. In today’s global economy, imposing tariffs and engaging in trade wars is even more self defeating, but Trump forges ahead with his antiquated policies, in the process damaging relations with long-time allies, such as Canada and Europe. Soon, they will also prove damaging to American exporters and workers. See more of David Horsey’s cartoons at: st.news/davidhorsey View other syndicated cartoonists at: st.news/cartoons