Would US Tariffs End or Even Reverse the Era of Trade Liberalization?

©iStock/MikeVanSchoonderwait

Would US tariffs end or even reverse the era of trade liberalization begun in the 1980s? Perhaps not, according to Walter Frick for Bloomberg.

Bloomberg Economics’ model of Trump’s proposed tariffs expects that other countries will offset most of their lost trade with the US simply by trading more with each other. That points to the possibility that globalization could keep on humming — just without the US at its center.

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from The Global Small Business Blog https://ift.tt/JTgVuqG