This article describes the increased tariffs that the Trump administration placed on China in the last week, stating that the administration raised tariffs on $200 billion worth of goods. The article describes the impact that the tariffs have already had, noting that the IMF has decreased its growth projections for 2019 and that many countries, particular other East Asian countries, are negatively impacted by these tariffs.
This article is a clear critique of trade protectionism and supportive of a globalized, integrated trading system. Globalization, an inherently effective and necessary concept for international cooperation and growth, is severely hurt when domestic governments choose to initiate protectionist policies that have little positive economic impact and simply further isolate the protectionist state. We have already discussed how tariffs are not an effective means of placing economic pressure on another country without also the tariff-initiating country also facing negative consequences. I believe that the Trump administration must change its rhetoric and strategy regarding globalization, embracing a more open trade system and avoiding policies that inevitable hurt more than they help.