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Donald Trump's bet on protectionism could pay off; here's how

A protectionist policy provides an unfair advantage to a home industry versus foreign competition

Donald Trump
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Donald Trump

Alexander Tziamalis | The Conversation
The largest economy on the planet is quickly moving to a protectionist stance in its international trade. US president, Donald Trump, has spoken of withdrawing from the Trans-Pacific Partnership trade deal signed by his predecessor Barack Obama; renegotiating or abandoning the NAFTA trade deal with Mexico and Canada; imposing a 35% tax on every car imported to the US, and even threatening China with a 45% tax on its exports to the US. This could have important ramifications for the US and other world economies.
A protectionist policy

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