The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Homeless women struggle to find place to spend night

  • 3

    More than dozen chaebol scions indicted on alleged drug use

  • 5

    People attempt to cut surging heating costs with creative solutions

  • 7

    Shunsuke Michieda overwhelmed by Korean fans' support for his coming-of-age film

  • 9

    Life prisoner sentenced to death for beating inmate to death

  • 11

    Kim Hyun-joo says humanity is at heart of action film 'Jung_E'

  • 13

    Korea's childbirths hit record low in Nov.

  • 15

    Korea's GDP shrinks 0.4% in Q4, 1st contraction in 10 quarters

  • 17

    S. Korea to increase joint air defense exercises following N. Korean drone incursions

  • 19

    Renaissance aesthetics meets surreal fantasy in Park Min-joon's oil paintings

  • 2

    Koreans stunned by spike in heating costs

  • 4

    Heavy snow hits Seoul, surrounding areas

  • 6

    Netflix series 'The Glory' draws focus to real school bullying

  • 8

    Inflation weighs on households

  • 10

    'I was a stock investment addict': psychiatrist seeks to help addicted people through his book

  • 12

    INTERVIEWPartnerships with Korean companies help Delta Air Lines' post-pandemic recovery

  • 14

    PHOTOSAnother day of heavy snowfall in Korea

  • 16

    Gov't to double subsidies for vulnerable households as energy bills soar

  • 18

    Jang Keun-suk steps out of his comfort zone with 'The Bait'

  • 20

    Gov't seeks to limit where child sex offenders can reside

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Opinion
  • Yun Byung-se
  • Kim Won-soo
  • Ahn Ho-young
  • Kim Sang-woo
  • Lee Kyung-hwa
  • Mitch Shin
  • Peter S. Kim
  • Daniel Shin
  • Jeon Su-mi
  • Jang Daul
  • Song Kyung-jin
  • Park Jung-won
  • Cho Hee-kyoung
  • Park Chong-hoon
  • Kim Sung-woo
  • Donald Kirk
  • John Burton
  • Robert D. Atkinson
  • Mark Peterson
  • Eugene Lee
  • Rushan Ziatdinov
  • Lee Jong-eun
  • Chyung Eun-ju and Joel Cho
  • Bernhard J. Seliger
  • Imran Khalid
  • Troy Stangarone
  • Jason Lim
  • Casey Lartigue, Jr.
  • Bernard Rowan
  • Steven L. Shields
  • Deauwand Myers
  • John J. Metzler
  • Andrew Hammond
  • Sandip Kumar Mishra
Sat, January 28, 2023 | 06:57
Bernard Rowan
Trump's bald spot on trade
Posted : 2018-02-27 17:02
Updated : 2018-02-27 17:02
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
By Bernard Rowan

Trump spent some time this week talking about how he covers up his bald spot. He needs to talk about the bald spot in his trade policy and how he can't cover it up.

Populists face a tragic flaw. Their rhetoric commits them to irrational actions. Irrational actions cause negative results and more rhetoric. Populists stick to their scripts, treating disagreeing information as affirming their rhetoric. Positions polarize, intensifying negative and unsustainable results.

So goes Trump's tenure as president in various areas, in particular trade. Given all he's promised and said, I don't expect Trump to drop his isolationist, protectionist, and anti-globalist behavior. I don't expect him to view pushback or retaliation as a symptom of bad decision-making. I expect American voters will vote differently in several years. Trump's populism in governing America is costing way too much.

South Korea faces tariffs on solar panels and washing machines. Next in the balance is steel. Most analyses find this mistaken and likely to backfire. South Korea has taken its case to the World Trade Organization. Korea seeks payments related to an old case the U.S. lost. I can't find anyone who has much good to say about Trump's tariffs. Even that stalwart friend of the right and who have you, the Brookings Institution, has written negatively. Former leaders, former heads of economic think tanks, current counterparts, and nearly the entire world condemns this step backwards.

I worry this feeds Trump's bottomless ego and plays to his hand. He likes having cases, issues, and matters to rail against. The telltale sign of Trumpian populism is the absence of a countermeasure. There's no one in his cabinet with current knowledge of international economics and international economic relations who stands up to the president and identifies the irrationality of his positions. Of course, groupthink characterizes Trump's coterie.

Trump is wrong to say the recent GM decision to close a plant in South Korea is because the plant will return to America. In fact, GM announced plans to invest $2.8 billion in Korea over the next decade, not to move to Detroit.

Trump's tariffs on solar panels won't stop the Chinese, and they won't in themselves increase American jobs or demand for American solar panels. Trump's picks for protection sound like a senile Mafia boss trying to settle 30-year old scores.

I thought Trump promised to make big deals on the heels of his America Great Again theme park. No one's out there negotiating much. Here's betting America's partners will begin to show sour on bilateralism. I've read that two-way trade negotiations no longer suit the nature of most international trade and commerce. America worked to create a leadership reality Trump wants to destroy. Reactionary behavior is the mark of a populist gone demagogue.

Trump thinks his tariffs are "targeted" and his actions mirror an advanced American missile with guidance systems. But his tariffs are like a perversion of a Leroy Nieman impressionist artwork. They'll splatter many countries and collateral industries and companies associated with the main "targets," hitting economies worldwide and earning more ill will. They'll reap global retardation beyond the surface of this superficial initiative in search of its death.

Steel tariffs will not prevent trans-shipping of steel and are unlikely to succeed because cheap steel will still find a market. The United States government subsidizes many goods and industries. Why we think we can outdo other countries that choose to do the same is inane. We can stamp our feet and say we're America. Who cares?

Multilateral, regional, and global trade arrangements won't go away because of Trump. The Trans Pacific Partnership will continue as well as China's ascent. America retreats to her shores, destined to watch the trillions go elsewhere. Will this nightmare end?

The president sacrifices credibility and capacity for his pet images. It's a below B-movie that needs to end its run. Trump's bald spot on trade isn't a good imitation of leadership. Trump can't see the candles in the darkness he's determined to bring down on us all.


Bernard Rowan (browan10@yahoo.com) is associate provost for contract administration and professor of political science at Chicago State University, where he has served for 23 years. He is a past fellow of the Korea Foundation and former visiting professor at Hanyang University.


 
wooribank
Top 10 Stories
1People attempt to cut surging heating costs with creative solutions People attempt to cut surging heating costs with creative solutions
2Seoul to work with Hanoi to pursue peace on Korean peninsula Seoul to work with Hanoi to pursue peace on Korean peninsula
3Cabinet ministries turn deaf ear to watchdog's advice on sexual minorities Cabinet ministries turn deaf ear to watchdog's advice on sexual minorities
4SK E&S retains gov't support for Barossa gas project in Australia SK E&S retains gov't support for Barossa gas project in Australia
5More Korean manufacturers enjoy Georgia's hospitality More Korean manufacturers enjoy Georgia's hospitality
6Superintendent of Seoul Education Office gets suspended jail term Superintendent of Seoul Education Office gets suspended jail term
7KT&G aims to become global top-tier company KT&G aims to become global top-tier company
8Indonesia celebrates 50th anniversary of diplomatic ties with Korea via virtual event Indonesia celebrates 50th anniversary of diplomatic ties with Korea via virtual event
9LGES to capitalize on US IRA, Tesla partnership to continue record earnings LGES to capitalize on US IRA, Tesla partnership to continue record earnings
10Middle East 'sales diplomacy' picks up speed Middle East 'sales diplomacy' picks up speed
Top 5 Entertainment News
1Shunsuke Michieda overwhelmed by Korean fans' support for his coming-of-age film Shunsuke Michieda overwhelmed by Korean fans' support for his coming-of-age film
2Kim Hyun-joo says humanity is at heart of action film 'Jung_E' Kim Hyun-joo says humanity is at heart of action film 'Jung_E'
3Jang Keun-suk steps out of his comfort zone with 'The Bait' Jang Keun-suk steps out of his comfort zone with 'The Bait'
4Renaissance aesthetics meets surreal fantasy in Park Min-joon's oil paintings Renaissance aesthetics meets surreal fantasy in Park Min-joon's oil paintings
5TXT brings together 'pansori' and fairy tale in new song 'Sugar Rush Ride' TXT brings together 'pansori' and fairy tale in new song 'Sugar Rush Ride'
DARKROOM
  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

  • World Cup 2022 France vs Morocco

    World Cup 2022 France vs Morocco

wooribank
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group