COLUMNS
Where U.S. Trade Policy and Grand Strategy Intersect
Apr 19, 2018 | 16:07 GMT
(MANDEL NGAN/AFP/Getty Images)
Highlights
- History shows how trade policy can be a potent tool in the U.S. strategic arsenal, especially when containing peer competitors.
- Trade policy was a matter of intense debate for the Founding Fathers, but it took a massive shock in the form of the Great Depression for the United States to restructure and position itself to wield trade policy as a tool of grand strategy.
- U.S. President Donald Trump's economic assault on U.S. trading partners is a reaction to decades of pent-up economic discontent and a nebulous era in the global arena in which the United States lacked a well-defined adversary.
- But great power competition is back, and with it will come a more strategic approach toward trade and a focus on containing China.
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