Its own protectionist measures provide a textbook example of the negative and self-defeating effects of rolling back globalization via tariffs.
There is a strong current the obscure the positive effects of globalization and exploit the negative ones. The most prominent, but by far not only example, are the rhetoric and policies of the U.S. administration. Against all evidence, it depicts globalization as a zero-sum game, which the United States have been losing for too long. Its own protectionist measures provide a textbook example of the negative and self-defeating effects of rolling back globalization via tariffs. New research shows that by the end of 2018, U.S. consumers had lost a total of $ 1.4 billion per month because of the trade war with China.