The beginning of a trend? Tipping point reached?

drsteve wrote:


Econ 101 says otherwise, and so does history. Tariffs were one of the triggers for the Great Depression. There are no winners in a trade war.

History shows that tariffs and protectionism are beneficial in some situations, especially when nations are first developing industry. Like the United States before the War of the Rebellion. I’m not arguing they’re beneficial now but to say they never are is wrong.