From Comment

Trade Wars Slow Economic Growth, Harm Welfare, and Push Assets Abroad

In the US, President Trump’s ’America First’ agenda includes protectionist trade policies meant to bring back America’s ’economic independence’. However, the bulk of evidence suggests that the Trump administration, as well as others throughout the world implementing these policies, are wrong on all counts and that a protectionist agenda will have the opposite effect. Protectionist policies will likely end up pushing even more capital away from domestic coffers and towards offshore financial centres, resulting in even more sluggish U.S. economic growth.

Trusts and Latin America- A Wa…