Trump, International Trade and Methodological Individualism

The inauguration of Donald J. Trump, the 45th President of the United States of America, will bring many changes to government policies for the next 4 years. One of such policies is Trade policy, a topic that arguably has been the signature issue discussed by the new president. Much has been discussed about re-negotiating NAFTA, declaring China a “currency manipulator” and concerted criticisms towards U.S. companies who operate abroad, to the point of ultimatums towards these companies being made even before the new administration takes place. Forgetting the moral and dangerous implications that authoritarian style governance represents, these acts of intimidation to produce and manufacture in the U.S., or otherwise face a huge tax, are the economic implications that these actions represent, where unrestrained executive power chooses winners and losers in a clear populist move, with the pretext of “protecting american jobs” – quite simply, old age protectionism typical of the age of mercantilism.

Continue reading