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Is the U.S. ready to move away from liberalism to protectionism?

…An unbiased explanation of the trade policy options we face today…

Mercantilism

Neomercantilism

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With mercantilism trade becomes the means of supporting domestic production and employment, therefore creating policies that decrease imports and increase exports. This stands at a stark contrast with liberalism in which consumers are king, and low prices in goods and services are an absolute necessity even at the expense of trade deficits.

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Free Trade Policy

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New Trade Theory

Can the U.S. move away from a policy of free trade?

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This is no easy decision for this country. One thing is for sure, even economists cannot agree on which will be the best approach for a country like the U.S.

One thing is for sure, this discussion will continue well beyond November 8th, 2016.

Written by

I write about culture, international trade, and history. Taught international business at two universities in Beijing, China. https://hubpages.com/@jcscull

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