"Trade wars are good," says Donald Trump, "and easy to win." Presidents always think about wars, trade or otherwise, that way. After all, they aren't on the front lines.
With trade wars, the front lines are populated by consumers who face higher prices and the industrious folks who want to export their products but can't or who use now-higher priced imported materials and machines.
Trade restrictionists must stop telling themselves that their policies will benefit "the country"—that they're putting "America First"—argues Sheldon Richman. All trade restrictionism would do is (temporarily) benefit a select, well-connected few at the expense of everyone else.
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