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So is Trump the worker’s hero? Will increased tariffs return jobs to the US? The left has been weak on this issue. The left lacks a real program to address the real concerns of those impacted by trade deals.
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The fallout from the trade wars could be horrific if Trump refuses to back down, while the countries he’s attacking ratchet up their own responses, whether in terms of tariffs or simply a refusal to buy American goods.
The U.S. media got the historic election of Andrés Manuel López Obrador all wrong. The winner by a landslide was Andrés Manuel López Obrador, a socialist reformer and unabashed champion of the working class. It’s a hugely significant turn of events.
Free-market orthodoxy has failed. It’s time to consider our public interest. Europeans, Canadians and Mexicans buy more American goods and services than anyone else in the world. So why would the Trump administration be willing to start trade wars?
Reports from the Economic Front
The US trade deficit is the result of a conscious globalization strategy by large multinational corporations. This strategy has greatly paid off for them. They have been able to use their mobility to secure lower wages, reduced regulations and lower taxes.