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Trump Is Attacking Global Trade. Would Biden Bring It Back?

Thought Leader: David Frum
May 20, 2020
Source: Link

By David Frum (original source The Atlantic)

“Donald Trump withdrew from the Trans-Pacific Partnership during his first week in office. Soon he was fighting trade wars against half the planet: against Canada and Mexico, against the European Union and South Korea, against India and China. “Trade wars are good and easy to win,” he tweeted in March 2018.

Even before the coronavirus struck, Trump had stopped the growth of imports to the United States and noticeably crimped U.S. exports.

Now the pandemic has inflicted the steepest collapse in world trade since the Second World War, and those around Trump see the pandemic as an opportunity for more rounds of protectionism in the future. In a January interview with Fox Business, Commerce Secretary Wilbur Ross predicted that the pandemic would encourage more businesses to shrink their supply chains and return jobs to North America.” 

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