While the allegations surrounding President Donald Trump’s shadowy ties to Russia are unsettling, as of yet, no smoking gun has been found. But on at least one issue, Mr Trump and Vladimir Putin, his Russian counterpart, are of a similar mind.
When it comes to trade, Mr Trump’s approach is very much in line with the practice of Mr Putin’s Russia over the past 17 years. Always willing to use trade as a cudgel or a tool for geopolitical gains, both presidents seem to enthusiastically subordinate economic gains to political ends.
However, one need only look at Russia today to see the end result of such policies. Rather than enrich the country, economic nationalism has led Russia to stagnation, a fate which could also befall the US.
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