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Trade wars are dangerous and harmful policies for governments to pursue.
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On August 29, Research Fellow H. Sterling Burnett was a guest on the Energy Matters to discuss how the G-20 Summit nations snub and isolate the United States for their decision to leave the Paris climate agreement.
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Listening to the rhetoric coming from the Trump Administration, it would be easy to assume that America’s balance of trade deficit is causing market misery and economic harm to the people of the United States. Nothing could be further from the truth.
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Instead of setting up conditions to “make America great again,” the trade and economic policies proposed by President Donald Trump and Vice President Mike Pence threaten to increase the government’s power over U.S. workers, which would make economic prosperity more difficult for many to achieve.
