Do Reciprocal Tariffs Double-Down on Protectionism, or Promote Free Trade?

thedailyeconomy.org

Factuality

Ownership

Do Reciprocal Tariffs Double-Down on Protectionism, or Promote Free Trade?

The Trump administration’s announcements of a 10 percent tariff on Chinese imports and 25 percent tariffs on goods from Mexico and Canada (all currently in some holding pattern) have led to considerable volatility in stock and foreign exchange markets.  Investors, unsurprisingly, are expressing concerns over potential disruptions in global supply chains and the macroeconomic implications of obstructions to trade. But interestingly, various finan…