Donald Trump is threatening trade wars with the rest of the world. By imposing tariffs, he would hurt America more than anyone else. Instead, he should follow the path of Ronald Reagan.
“It is the primary responsibility of governments to promote sound and stable financial markets that encourage international commerce and to reduce barriers to trade at home and abroad. Reducing these barriers will allow markets, not governments, to determine the goods that society produces. Too often policies designed to preserve jobs in one industry reduce competitiveness and employment in other industries. A creative, competitive America is the answer to a changing world, not trade wars that close doors, create greater barriers, and destroy millions of jobs. We should always remember: Protectionism is destructionism. America’s jobs, America’s growth, America’s future depend on trade—trade that is free, open, and fair.“