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Jakarta Post

If Trump starts trade war

  • Winarno Zain
    Winarno Zain

    Commissioner in a publicly listed oil and gas service company

Jakarta   /   Fri, March 9, 2018   /  11:18 am
If Trump starts trade war US President Donald Trump takes part in a meeting with bipartisan members of Congress on school and community safety in the Cabinet Room of the White House on February 28, 2018 in Washington, DC. (AFP/Mandel Ngan)

"Trade wars are good, and easy to win,” United States President Donald Trump declared in a tweet recently. His tweet was used to justify his plan to slap a 25 percent tariff on steel and 10 percent on aluminum imported to the US.   When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy! — Donald J. Trump (@realDonaldTrump) March 2, 2018 Trump was the first leader to break a taboo. Given the painful history of the 1930s, when a trade war sent the world economy into the Great Recession, and realizing that free trade and globalization have given the world economy greater prosperity through high and sustained economic gro...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.