BloombergView Commentary: A Better Way to Help U.S. Victims of Free Trade
By Ronald J. Daniels and Michael Trebilcock
There’s no way to stop globalization or technological progress. Washington should instead focus on helping industrial workers to adapt.
If Donald Trump was consistent about one thing on the campaign trail, it was his rejection of the prevailing Washington consensus in favor of globalization and free trade. Now, weeks before taking office, he has pledged to tear up the Trans-Pacific Partnership on the first day of his presidency and kept Carrier from moving a factory to Mexico. His campaign threats to withdraw from the World Trade Organization and slap high tariffs on China and Mexico are already causing tremors in the global economy, amid fears of a possible trade war.
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