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What happened to American manufacturing is not unusual
De-industrialization has followed a similar course in every developed country
President Trump’s chaotic implementation of new tariffs has roiled markets and wrecked decades of international cooperation and free trade agreements. At the heart of these actions, and one of the motivating forces of his political movement, is the belief that the de-industrialization of the U.S. economy can somehow be reversed by protectionist trade policies. Since tertiarization appears to be an unavoidable part of an economic progress, attempting to turn back the clock with trade restrictions is unlikely to produce the desired results.
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