How to win a trade war
Trump says it’s easy. Try it for yourself.
An interactive essay from FiveThirtyEight:
The tweet came before 6 a.m., as President Trump’s tweets often do. It was early March, and the Trump administration had just announced steep tariffs on imported steel and aluminum. That did not make China or America’s European allies happy. Last week, after the U.S. imposed tariffs on $60 billion worth of Chinese goods, it was reported that China would respond with their own tariffs on $3 billion of U.S. goods.
But Trump has been undeterred. In his tweet, he suggested that concerns about a trade war were overblown. Instead, he said, “trade wars are good, and easy to win.”
But how easy? And how exactly do you win them? (Also, what’s a trade war?)
Let’s find out. You (Yes, you!) have just been elected president of your very own country. Congratulations! Now it’s time to get to work. There is another country out there that has goods you can buy, and you have goods it may want to buy. Your job is to choose your foreign economic policy — which you’ll do in the little game we’ve prepared for you below…