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Whose Trade War Is It Anyway?

Whose Trade War Is It Anyway?
German Chancellor Angela Merkel speaks to President Donald Trump in front of other world leaders in Charlevoix, Canada, at the G-7 summit on June 9, 2018. The mainstream media and world leaders are blaming Trump for starting a trade war, where in reality all politicians are fighting to protect their special interest groups. Jesco Denzel /Bundesregierung via Getty Images
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War is aggression, often with the use of physical violence to conquer land, people, and power. Trade wars, though not quite as bad, also are aggressive in nature. Where two or more private parties want to transact freely, aggressive governments step in the way and prevent trade from happening with the threat of force.
In 2018, most of the mainstream media and the establishment powers blame President Donald Trump and his administration for starting a trade war, which—like real wars—can only produce losers on both sides. “How Much Damage Will Trump’s Trade War Do?” read a headline in The Atlantic, and countless other articles and official statements say similar things.
Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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