E Are Policy 'Refugees' Jumping The Trump Tariff Ship?

China will increase trade with Latin America, and with Africa. Here is the bottom line, the US wants control. China wants prosperity. The US policy is destined for failure unless cooler heads prevail. As the Yale study cited above points out, education and entertainment will no longer be centered in the USA:

Disinterest in international affairs will erode preeminence of the US system of higher education. With perceived rising xenophobia and proposed cuts to US research funding, more scholars from developing countries – representing the bulk of more than 4 million students studying abroad – are looking elsewhere. English-speaking countries like Canada and Australia are obvious beneficiaries of America’s retreat, but so are China and Russia which have grown their share of international students from almost nil in 2001 to 17 percent in 2016, according to data collected by the Institute of International Education.
 

and:

Internet access and mobile penetration make it easier for consumers to enjoy movies and TV shows from around the world, eroding Hollywood’s supremacy.

and finally:

Although the Golden Era of Globalization owes much to the openness of the US economy and society, America’s insistence on rewriting rules of engagement to its advantage won’t stop the growing interdependence among developing countries. Given that the geopolitical landscape already conforms to globalization, pursuit of “I win only if you lose” policy in international deal-making could transform “America First” into “America Alone.” 
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Disclosure: I have no financial interest in any companies or industries mentioned. I am not an investment counselor nor am I an attorney so my views are not to be considered investment ...

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Gary Anderson 7 months ago Author's comment

Update 1: It appears that Netanyahu has distanced himself from Trump's Iran military action. I am surprised, but did Bibi's tough talk on Iran emboldened Trump? It may prove out that Donald Trump was snookered into action that could endanger him personally, all to please Israel. Only time may show if this brief analysis is correct.

Beating Buffett 7 months ago Member's comment

Really? Where did you see that? For as long as I can remember, Bibi has been pushing the world to take a tougher stance with Iran!

Gary Anderson 7 months ago Author's comment

Exactly. That is why his turnaround is so puzzling. It is almost like he put Trump up to it and then didn't want to have any part of it. Articles are everywhere about this, BB.

Moon Kil Woong 1 year ago Contributor's comment

Sadly the US is driving a lot of global trade towards China due to our International policies of playing hardball with our allies. The worst is our decreasing relations with Europe which is increasingly buying direct from Asia now which will hurt our US band name products and our margins.

Cynthia Decker 1 year ago Member's comment

Interesting that you think sanctions are falling out of favor elsewhere. Do you think that's because they believe they don't work?

Texan Hunter 1 year ago Member's comment

They do work. They got North Korea and Iran to the negotiating table and got Libya to throw in the towel. The rest of the world simply doesn't have the stomach for sanctions because either they have no backbone, or because they'd rather have cheap oil and profits from other business deals even if it means turning a blind eye to abuses, than doing what's right.

Gary Anderson 1 year ago Author's comment

I sympathize with your moral sensibility. But the US has supported dictators because of pragmatic concerns and does so today. Since the USA seems to be making the most war these days, for selfish reasons, we cannot very well reason that moral sanctions are better for world peace than is patient pragmatism.

Gary Anderson 1 year ago Author's comment

I am not an expert on the significance of sanctions in history, the effectiveness of sanctions in history. But it is clear that they interfere with economic progress and cooperation.