qz wrote:
Trump's America First Trade policies are backfiring. Trade is growing among other countries while the US disengages.
BRUSSELS (Reuters) - The European Union's trade tsar has no idea what Donald Trump will tell his audience at the World Economic Forum in Davos next week, but she is clear what the EU's message to the U.S. president will be.
America is shooting itself in the foot by withdrawing from global leadership on trade,
Yes, exactly. The world collectively shrugs their shoulders and go about trading with each other. America is just too difficult to deal with.
Meanwhile, "Who knew there were so many countries" Trump skirmishes only generate disinterest with trading partners.
The few policies being enacted are recessionary. If the contraction begins in the next three years, then there is no hope whomever is selling Trump Economic policy understands the consequences. Why no hope? Because it's the same old worn out Supply Side hypotheses followed by fiscal austerity.