A War of Trade? Protectionist Policies Under Trump

The White House recently published a list of 1,300 Chinese products that it is considering for a 25% tariff, accounting for over $46 billion worth of goods. In response, China produced its own list of goods which would be subject to trade regulations valued at $50 billion. These lists currently are only threats as American consultants will now have two months to review the impact that the suggested trade regulations might have on the economy. In the meantime, experts are wondering if this is the start of a trade war with China and how high the Trump administration is willing to build its protectionist economic walls.

Already, solar panels, washing machines, steel, and aluminum have been subject to new tariffs, falling in line with key campaign promises made by candidate Trump to negotiate “better deals” on trade agreements and put "America first." Yet, the International Monetary Fund chief, Christine Lagarde, when speaking about the dangers of protectionism for the global economy, recently warned that “The system of rules and shared responsibility is now in danger of being torn apart. This would be an inexcusable, collective policy failure.” How deep of an impact will these current policy shifts have on the United States and on our trade partners? What kinds of “bad deals” are Trump and the US administration pursuing? What will the United States’ economy look like in the future if Trump does go full protectionist and who benefits from a trade war?

Barry Eichengreen, Professor of Economics and Political Science at University of California Berkeley, and Sean Randolph, Senior Director of the Bay Area Council Economic Institute, will discuss the implications of protectionism on the economy, how other countries are reacting to these potential regulations, and what impact an international trade war might have on the global economy.

SPEAKERS
Barry Eichengreen
Professor of Economics and Political Science, UC Berkeley, University of CA Berkeley

Sean Randolph
Senior Director, Bay Area Council Economic Institute

MODERATOR:
Jonathan R. Visbal
Managing Director, San Francisco/Silicon Valley Offices, Spencer Stuart

For more information about this event please visit: http://worldaffairs.org/event-calendar/event/1841

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