
Marc-William Palen
History Department, University of Exeter
Follow on Twitter @MWPalen
This article was originally published on The Conversation. Read the original article.
Republican presidential hopeful Donald Trump’s protectionist prescriptions have led to renewed speculation about whether trade wars are on the horizon.
In other words, if, under a Trump presidency, the United States were to raise its tariffs against some of its biggest trading partners – China, Japan, Mexico – would those countries retaliate in kind? And what would this mean for the global economy?
I hadn’t planned on weighing in on the discussion. That is, not until I came across this brazen assertion by Ian Fletcher – former senior economist of the grassroots Coalition for a Prosperous America – in the Huffington Post:
Trade wars are mythical. They simply do not happen. If you google “the trade war of,” you won’t find any historical examples… History is devoid of them.
Based on his Google test, Fletcher precipitously concludes that trade wars are a myth, a bogeyman concocted by free traders.
I was intrigued by his claims, and, to put it mildly, more than a little skeptical.
As any historical sleuth might do in this situation, I decided to check the sources. I googled “trade war of” and the results were anything but empty.
As a historian of trade, however, I thought it might be even more persuasive to look further into some illuminating examples of trade wars in modern history. Continue reading “Are Trade Wars a Historical Myth?” →
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