Paul Krugman

@paulkrugman ↗

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Last Checked July 22, 2020

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Fri Jun 28 19:38:35 +0000 2019

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Paul Krugman @paulkrugman

Before FDR created the Trade Agreements Program, US trade policy was basically insular/isolationist. We were gonna do what we were gonna do, and not worry about foreign reactions. Smoot Hawley wasn't an attempt to punish anyone, it was just stupid 3/ — PolitiTweet.org

Posted June 28, 2019 Hibernated

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Paul Krugman @paulkrugman

Of course, we had a lot of protectionism. But I would only call that a trade war when tariffs are imposed as part of a deliberate attempt to hurt other countries, and force them to make concessions.And we've hardly ever done that 2/ — PolitiTweet.org

Posted June 28, 2019 Hibernated

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Paul Krugman @paulkrugman

Since FDR and Cordell Hull, the US has been a defender of a rules-based system that was designed, among other things, to prevent trade wars. You can tell how rare they were by the fact that we're still talking about the "chicken war" of 1964 4/ — PolitiTweet.org

Posted June 28, 2019 Hibernated