Trump's Trade War Butts Up Against Globalism and the Rule of Law
Tuesday, June 26, 2018 at 3:37PM
Jack Rice in Law, Media Appearance, News Updates, Politics, TV Updates, press tv, rule of law, trade war

President Trump has decided to shake things up and boy has he ever.  On the other hand, isn't that the reason 60 million Americans voted for him. Of course, imposing the Chinese, the Canadians, the Mexicans, the entire EU and other all simultaneously puts the U.s. in an interesting place.  

The general approach and one that the entire world  including the U.S. has enbraced is to take these disputes to the WTO.  However, Trump decided to go a different route, Twitter.  The idea of using this process, embracing globalism and the Rule of Law, is something that the President of the United States seems to find quaint and even weak.

The potential for a full blown trade warm with the world is a very real one.  The Chinese, Canadians, Mexicans and the EU are already lining up and don't seem to be backing down.  If they don't many will pay the price, including American consumers and American markets. Some estimates suggest the U.S. could lose between 4 and 7 million jobs and the econmy could tank into recession.

I will appear on Press TV Iran on June 26th to debate this issue.  Hope you can catch it.  

Article originally appeared on Jack Rice: In the Cross Hairs (http://jackrice.net/).
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