Trump’s Spectacular Trade Failure
Since coming to office in early 2017, US President Donald Trump has assumed that America could secure better "deals" with trading partners around the world by negotiating with them bilaterally. But after three and a half years, the evidence is clear: US trade policy has achieved the opposite of Trump's stated goals.
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WASHINGTON, DC – Since World War II, the global economy has performed beyond the wildest dreams of its post-war architects, yielding unprecedented gains in health, education, living standards, poverty reduction, and wealth. Central to this success was the growth and liberalization of international trade, which was made possible with US leadership in the creation and stewardship of an open multilateral trading system.