It's clear that President Trump is going to shake up U.S. trade policy, but what exactly he will do, and when, remains unclear.
Comments on the campaign trail and from the early days of the administration indicate that the nation might soon be pursuing an "America First" policy. Economic theory and experience offer little reason to believe that a move toward increased protectionism would benefit the United States.
The challenge for leaders with protectionist tendencies is that the benefits of global trade are spread across a wide constituency within the United States, including most consumers and educated workers, while the losses are very concentrated in terms of geography, industry, and socio-demographics.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
