Now’s Not the Time to Double Down on Protectionism

Source: The Dispatch
by Braldey Vasoli

“Donald Trump brought a zeal for protectionism to the White House not seen since the days of Herbert Hoover. While Joe Biden reversed other Trump policies when he took office in 2021, he quickly surrendered to Trump’s trade policy and now doubles down on that surrender at an inapt time. In mid-March, the president blasted the anticipated sale of Pittsburgh-based U.S. Steel to Japan-based Nippon Steel, insisting his country must ‘maintain strong American steel companies powered by American steel workers.’ Elements of Biden’s support base, particularly labor unions, welcome his hostility to economic diplomacy. American consumers should not.” (04/01/24)