2 ms·
> show me the evidence that a large scale trade war is "winnable". I don’t think there _is_ any, not for a “one country vs the world” one like this. Country v
by rsynnott 2y ago
> show me the evidence that a large scale trade war is "winnable".
I don’t think there _is_ any, not for a “one country vs the world” one like this. Country v country, maybe, though even then they rarely in practice work out well.
I’m not sure any large developed country has done this in the modern era. The closest might be Brexit, in that the UK voluntarily exposed itself to all manner of tariff and non-tariff barriers on what was previously the free-est trade around, but it’s a bit different; EU tariffs are not particularly high, and the UK in practice mostly suffered from more nebulous non-tariff barriers (mountains of paperwork and inconvenience and shipping difficulty and so on, which previously didn’t exist within the Common Market).