[Tyler Cowen] Bilateral trade deals can work, if your name isn’t Trump
Jun 25, 2018
One of the most fascinating moments in recent negotiations came when US President Donald Trump offered complete free trade to his European partners at the Group of Seven meetings. Trump may have viewed this as a public relations ploy, but the response was still striking: No major European political leader embraced the idea. Nor did China. So how to make further progress on trade? Well, Trump on Monday threatened China with an extra $200 billion in tariffs, thereby moving back to bilateral pressu