Listen

News 88.9 KNPR
Classical 89.7 KCNV

member station

NPR
Planet Money

Trade Wars And The Batman Problem

630266230_2138187686.jpg

Hulton Archive, Getty Images

The United States and China have started their trade war, and it's not clear how long it will last or how it will end.

Economists largely agree that the tariffs used to fight trade wars are destructive, and that the destruction is amplified by the retaliations and escalations of each side.

What if there had been a way to avoid this trade war well before it started, a strategy that would have addressed the conditions that led to the trade war before they became problematic.

Today on the show, we speak with Joe Gagnon, a senior fellow at the Peterson Institute for International Economics, who argues that not only did such a strategy exist, but the same strategy could still be employed now to avoid the trade wars of the future.

Music by Drop Electric. Find us: Twitter/ Facebook.

Subscribe to our show on Apple Podcasts, PocketCasts and NPR One.

Support comes from

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

You won’t find a paywall here. Come as often as you like — we’re not counting. You’ve found a like-minded tribe that cherishes what a free press stands for.  If you can spend another couple of minutes making a pledge of as little as $5, you’ll feel like a superhero defending democracy for less than the cost of a month of Netflix.