Source: The Daily Economy
by Peter C Earle
“By any serious measure, and certainly by every economic metric, the claim that the United States has been ‘ripped off’ or ‘mistreated’ by its trading partners over the past several decades is incoherent. The rhetorical scaffolding upon which the Trump administration’s protectionist tariff regime rests is a fundamentally flawed understanding of international trade. It substitutes a mercantilist worldview — discredited since the eighteenth century — for evidence-based economic policy, and in so doing risks sabotaging the very system that has helped drive US prosperity, innovation, and leadership in global commerce.” (07/18/25)
https://thedailyeconomy.org/article/no-we-werent-ripped-off-debunking-the-myth-of-trade-victimhood/