Terence Corcoran: The economics of free trade are being lost in the fog of trade war
In the wake of the unruly craziness of United States President Donald Trump’s nationalist trade theories, policies and actions, the economic world has been lost in endless analyses and posturings focused on trade as a form of war.
We are therefore living in a dense fog of incoherent tariff-war theories — reciprocal tariffs, strategic tariffs, quotas, national strategies, export controls and restrictions, supply chain and trade diversification, re-shoring, international middle-power partnerships and shifting middle-power trade alliances based on government strategies and controls.
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