Financial markets since Donald Trump’s election have been floating on the promise of tax reform and deregulation, but a major question lingers over his economic agenda. To wit, the President-elect has assembled the most antitrade team of presidential policy advisers since the 1920s.
We wish we could say this is an exaggeration. But markets may be underestimating the fervor of Mr. Trump’s antitrade warriors and his determination to use tariffs and other import barriers against China in particular but even against friendly trading partners like Japan and Mexico.
Most modern Presidents, Democrat or Republican, have had a mix of free-traders and trade enforcers in their senior ranks. Mr. Trump’s economic team is striking for not having a single clear-throated free-trader anywhere in the senior economic team—even in the slots where trade promotion has long been part of the job description.
Wednesday, January 18, 2017
The Wall Street Journal on Trump's Trade Haters
The below from a Wall Street Journal editorial is all too accurate. We are about to be ruled by an Administration full of trade haters:
at 6:51:00 AM