Are trade wars ever a positive thing? | The Tylt

Are trade wars ever a positive thing?

After President Trump announced tariffs on imports of steel and aluminum, China responded by implementing tariffs on 128 U.S. products. Critics warned Trump that tariffs were a very bad idea, but the president doubled-down on his position, tweeting "trade wars are good, and easy to win." Economists argue trade wars are objectively harmful, but some have defended the president, arguing a trade war may be necessary to get China in line. What do you think? 🔩

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After President Trump announced his plan to institute a 25 percent tariff on steel imports and a 10 percent tariff on aluminum, the Dow dropped 420 points. Despite warnings from economists, Trump doubled down on his decision in a tweet in which he claimed: "trade wars are good, and easy to win."

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China responded by imposing tariffs of up to 25 percent on 128 U.S. products, sparking the beginnings of a trade war.

China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel.
“Even though China and the U.S. have not publicly said they are in a trade war, the sparks of such a war have already started to fly,” the [Global Times] newspaper said.
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Many have called out Trump for his ridiculous and simplistic approach to trade.

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Even conservatives argue trade wars are objectively bad.

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But others support the president, arguing his decision will force China to stop abusing trade deals.

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Others insist Trump's approach to trade is right in line with his "America First" policy.

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And some believe President Trump's "trade wars are good" statement is just a negotiating tactic to get what he wants.

FINAL RESULTS
Politics
Are trade wars ever a positive thing?
A festive crown for the winner
#TradeWarsBad
#TradeWarsGood