Another Huge Flop: All Those Predictions Of Protectionism

warship invincible

Throughout much of last year, if there was one thing everyone was SURE was going to happen, it was a trade war. It was probably going to be between China and the US.

Now, granted, there has been a little bit. The US has slapped a few, narrow tarrifs on Chinese steel. Europe has done a little, and of course China maintains its uber-mercantilist yuan peg.

But let’s be clear, in addition to every other doom scenario, there hasn’t been a massive trade war, and there are no signs one is about to break out.

Even the WTO, which is as commited to free trade as they come, isn’t too concerned anymore.


Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.