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Trump’s Trade Catastrophe?

by Bill Bonner
Acting Man

“Trade Cheaters”

It is worse than “voodoo economics,” says former Treasury Secretary Larry Summers. It is the “economic equivalent of creationism.” Wait a minute – Larry Summers is wrong about almost everything. Could he be right about this?

[…] Summers is referring to the paper written by two members of Trump’s trade team: his pick for secretary of commerce, billionaire investor Wilbur Ross, and the director of Trump’s new National Trade Council, Ph.D. economist Peter Navarro.

It calls for a turn away from free trade and toward managed trade – or what is vaguely described as “fair” trade. Colleague Karim Rahemtulla, on an investment scouting trip in India and China, sends this note:

Continue Reading at Acting-Man.com…

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