Contrary To Nationalist Myths, Protectionism Has Been an Economic Disaster: New at Reason

A new Cato analysis tracks the failure of economic protectionism through American trade policy history. Scott Lincicome writes: American economic nationalism has risen in recent years, both fueling and fueled by President Donald Trump’s election.

Source: Contrary To Nationalist Myths, Protectionism Has Been an Economic Disaster: New at Reason

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China Warns Of “Looming Trade War” With India In Retaliation To Anti-Dumping Duties

One of the more under-reported stories – at least among the Western press – are the growing tension between China and India. As reported over the weekend , in the latest escalation, Indian and Chinese soldiers, in addition to the ongoing tense military standoff over a contested road in Doklam, were involved in an altercation in the western Himalayas on Tuesday, further raising tensions between the two countries which are already locked in a two-month standoff in another part of the disputed border.

Source: China Warns Of “Looming Trade War” With India In Retaliation To Anti-Dumping Duties

Trump Warns Xi: Trade War With China Begins Monday

As if there weren’t enough geopolitical stress points in the world to fill a lifetime of “sleepy, vacationy” Augusts, late on Friday night President Trump spoke to Chinese President Xi Jinping and told him that he’s preparing to order an investigation into Chinese trade practices next week, according to NBC .

Source: Trump Warns Xi: Trade War With China Begins Monday

Berlin Calls For “Countermeasures” To US Sanctions Against Russia, Hints At Trade War

While the Pentagon may be already contemplating its next steps in the escalating conflict with Russia, which as the WSJ reported will likely involve supplying Ukraine with antitank missiles and other weaponry – a red line for the Kremlin not even the Obama administration dared to cross – there is minor matter of what to do with a suddenly furious Europe, which as we discussed previously, has vowed it would retaliate promptly after Trump signed the anti-Russia legislation into law, due to allegations it was just a veiled attempt at favoritism for US-based energy companies.

Source: Berlin Calls For “Countermeasures” To US Sanctions Against Russia, Hints At Trade War