Macro Musings with David Beckworth cover image

Scott Lincicome on the Trump Trade War

Macro Musings with David Beckworth

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The Evolution of U.S. Trade Policy: From Reciprocity to Protectionism

This chapter examines the historical progression of U.S. trade policy through three key stages: revenue, restrictions, and reciprocity. It discusses the potential emergence of a fourth stage marked by protectionism and geopolitics, highlighting current strategies influenced by the U.S.-China relationship.

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