The lessons of past trade wars – L’Express

The lessons of past trade wars LExpress

New customs duties against China, rising taxes on certain European products, negotiations with Canada and Mexico … To make “its economic” grandeur “to America” ​​-in the case the formula used before the congress on Wednesday March 5 -, Donald Trump intends to charge his business partners. But also use the tariff tool to impose its diplomatic choices. A method that is not new. In this series, we are interested in past trade wars, from which we could learn some lessons for today, with Sébastien Jean, professor of economics at the National Conservatory of Arts and Crafts.

During the great depression in the 1930s, the United States imposed an increase in import taxes. In this first episode, the magnifying glass deciphers the consequences of this decision on world trade.

Use customs duties as a diplomatic weapon. Donald Trump did not invent anything. In this second episode, we tell you how, before him, Richard Nixon launched a trade war to weigh in a negotiation with Japan and Germany.

How to promote French production of video recorders in the face of Japanese competition? In this third episode, the magnifying glass looks at a surprising measure taken in France in the 1980s.

In the 2010s, China flooded Europe from its inexpensive solar panels. The old continent tries to fight back. In this last episode, Sébastien Jean returns to the trade war between Brussels and Beijing.

Find here all the episodes of the magnifying glass

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