The protectionist policy of US President Donald Trump is criticized on all sides around the world, but seems to suit the Americans, who see this economic model as protecting their interests. Could they be wrong? A study by researchers of the University of Geneva (UNIGE) quantifies the effects of Donald Trump’s protectionist policies on unemployment and welfare in Organisation for Economic Co-operation and Development (OECD) countries. Their results, forthcoming in the Journal of the European Economic Association, show that such policies would have a negative impact on welfare and employment in both Mexico and the United States.
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Source: Phys.org