Trump Wins Trade War, Everyone Else Loses

The 70-year global progress toward freer trade is permanently reversed so long as the Republicans hold the White House. That's the message of the non-deal trade deal just announced between the U.S. and China. It's a deal that reduces no existing tariffs and offers only symbolic changes in other terms that were already on the table two years ago. Never mind that every credible source says that this situation loses billions or trillions in productivity in seen costs and unthinkable costs in what is not seen.