Are trade wars ever a positive thing?
via AP

Are trade wars ever a positive thing?

#TradeWarsBad
#TradeWarsGood
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After President Trump announced tariffs on imports of steel and aluminum, China responded by implementing tariffs on 128 U.S. products. Critics warned Trump that tariffs were a very bad idea, but the president doubled-down on his position, tweeting "trade wars are good, and easy to win." Economists argue trade wars are objectively harmful, but some have defended the president, arguing a trade war may be necessary to get China in line. What do you think? 🔩

THE VOTES ARE IN!
#TradeWarsBad
77%
#TradeWarsGood
23%

After President Trump announced his plan to institute a 25 percent tariff on steel imports and a 10 percent tariff on aluminum, the Dow dropped 420 points. Despite warnings from economists, Trump doubled down on his decision in a tweet in which he claimed: "trade wars are good, and easy to win."

China responded by imposing tariffs of up to 25 percent on 128 U.S. products, sparking the beginnings of a trade war.

China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel.
“Even though China and the U.S. have not publicly said they are in a trade war, the sparks of such a war have already started to fly,” the [Global Times] newspaper said.

Many have called out Trump for his ridiculous and simplistic approach to trade.

Even conservatives argue trade wars are objectively bad.

But others support the president, arguing his decision will force China to stop abusing trade deals.

Others insist Trump's approach to trade is right in line with his "America First" policy.

And some believe President Trump's "trade wars are good" statement is just a negotiating tactic to get what he wants.

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