There's only one problem: It isn't true.

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There's only one problem: It isn't true.

Post by T on Wed Feb 01, 2017 5:53 am

Donald Trump's dangerous world trade obsession

Robert Samuelson

WASHINGTON Trade wars, encouraged by President Trumpery, are inching closer. The White House has rejected the Trans-Pacific Partnership (TPP), an agreement involving 12 Asian-Pacific countries, including the United States, Japan, Malaysia and Vietnam. It is threatening to do the same with the North American Free Trade Agreement (NAFTA) by slapping a 20 percent duty on Mexican exports to the United States. All this is advanced in the name of bolstering U.S. manufacturing jobs, which are regarded as being sacrificed to imports and "unfair" foreign trade.

There's only one problem: It isn't true.

Contrary to popular opinion, trade is not a major cause of job loss.

The main cause is automation.
Read the rest of the editorial HERE .


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