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Donald Trump’s trade war ignores the complexity of world supply chains and glosses over issues within U.S. industry
In U.S. President Donald Trump’s simplistic world-view, slapping tariffs on the U.S.’s main trading partners — Canada, China, the European Union, and Mexico — will reduce U.S. trade deficits, bring back well-paying manufacturing jobs, and make America great again. This has such populist appeal — some 73% of Republican voters support the tariffs according to a PEW Research Center poll in July — that pro-trade Republicans in Congress have largely been silent on the issue.
Mr. Trump has neither the vision nor the inclination to address these structural problems of the U.S. economy. Like Don Quixote, Don Trump is merely tilting at windmills.
Ravi Arvind Palat is professor of sociology at the State University of New York at Binghamton
Source : https://www.thehindu.com/todays-paper/tp-opinion/tilting-at-windmills/article24755974.ece
