> Given we have seen this particular game played hundreds of times in the past by similarly economically-illiterate ideologues
what particularly are you referencing here? The U.S. can impose tariffs because no one is capable of a state funded coupe against us due to our military strength. If you are referencing the 'failed' protectionism in Latin America in the 70s, it never really had time to run its course before clandestine intervention.
Protectionism has a long history and trade is a very well-studied issue in economics. The research says there is no doubt that free trade creates greater aggregate economic benefits, generally speaking, and the incredible performance of the world economy over the last few decades bears that out.
what particularly are you referencing here? The U.S. can impose tariffs because no one is capable of a state funded coupe against us due to our military strength. If you are referencing the 'failed' protectionism in Latin America in the 70s, it never really had time to run its course before clandestine intervention.