Some Elements of a Progressive International Trade Policy
There are other ways to organize U.S. international trade. The neoliberal free trade of recent decades and the trade restrictions of Trumpian tariffs are not the only options.
Two views.
First, Daniel Gross.
Then, Yves Smith.
I'm with Smith. Even if *some* pecuniary benefit eventually accrues to the government's balace sheet, huge losses still loom, and the system remains dependent on us bailing out those responsible for the crisis, in effect enabling them to screw us again.