Rory Horner, University of Manchester, United Kingdom
Donald Trump, quoted in The Financial Times (2017). Image available via Pixabay.
Not so long ago, proposed policies to “repatriate international supply chains” as part of national-oriented initiatives openly marketed as protectionist, would have been quite difficult to imagine. Yet, like in many issue areas, Donald Trump’s approach to trade policy is unconventional. His planned trade policies, including import taxes, have been met with widespread condemnation, with many questioning how they may work in an era of global value chains (GVCs).
The irony of Trump advocating protectionism to support American manufacturing while visiting Boeing, which reportedly draws on parts manufactured in over 60 countries, has been pointed to. Former Swedish Prime Minister Carl Bildt has tweeted that: “If Trump wants to close down global value chains he will close down Boeing as well. Among others”.
Meanwhile, in relation to the UK’s planned…
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