The Delusions and Dangers of the New Mercantilism

Source: Cobden Centre
by Dr. Richard M Ebeling

“Tariffs and other trade barriers hampered the free flow of goods and services and investments across political boundary lines around the world after 1945. However, they almost seem mild and ‘enlightened’ compared to the current crop of protectionist weeds and their policy effects, particularly over the past year during Donald Trump’s second presidency. With autocratic caprice, arrogance, crudeness, and rudeness, Trump has assumed the powers of a near absolute monarch to decide when, why, and against whom he will arbitrarily raise and lower and raise again tariffs on the importation of goods into the United States from all the other countries on the planet.” (02/10/26)

https://www.cobdencentre.org/2026/02/the-delusions-and-dangers-of-the-new-mercantilism/