Neither free trade nor protectionism in the context of a global capitalist economy benefits workers, argues British Marxist economist Michael Roberts in his latest blog post analyzing the tariff policies announced by the Trump administration this week.
As Roberts notes midway through his post, Trump’s threatened trade war on China would redound to the US’s disadvantage in two major ways:
1) High trade barriers would accelerate The PRC's redirection of outward capital flows a...
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