The Delusion of a Win-Win Trade War

It is no surprise that President Trump’s trade war has many supporters. An understanding of the law of comparative advantage has never been a prominent feature of people’s knowledge in the USA or anywhere else. And special interests have honed their propaganda over centuries of angling for the use of government power to protect them from foreign competition, maneuvering to pick the pockets of consumers in their own country.
But even as Trump spouts venerable fallacies to justify and seek support for his destructive trade policies and related ad hoc actions, he and his supporters have sometimes offered a strange defense

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