The following is the continuation of the previous chapter.
The Asahi Shimbun editorial dated July 4 is ‘put the brakes on retaliatory tariff chain protectionist.’
In line with US steel and aluminum import restrictions and 'high tariffs on Chinese products,' it preached that 'protectionism should be revised' to the United States.
Even in the NHK Sunday debate on the 8th, many experts are concerned about ‘protectionist US.’
The mainstream media in Europe and America is critical of the Trump policy mostly but does not assert the hard line with China of the Trump administration to do protectionism.
The Congress made the last line, Manchesterism of the arguing for many years political ostensibility and it flattered by the place, the United Kingdom of the classical economics origination of 'the free trade' theory.
Even with measures to restrict imports, political circles and speech are not regarded as ‘protectionism,’ but are called ‘reciprocity’ or ‘fair trade’ and are positioned within the framework of free trade.
Both the US Congress and the presidents follow it.
In the 1980s, 'Free Trades' President Reagan called the application of Article 301 of the Trade Act to Japan ‘fair trade’.
The trump route is it's versus the Chinese version.
In contrast, Japanese economists continue to adhere strictly to the textbook 'free trade,' smatterer's media, experts, politicians are coming with it, turn to China advocacy.
Free trade theory that abolishes tariffs and non-tariff barriers.
Countries specialize in dominant industries and divide labor with other countries to prosper with each other is free trade theory, but abandoning key industries and high-tech, rely on import from other countries If it says to let other countries produce staple food such as rice, the sovereignty of the state is useless.
Companies that produce only in other countries at the expense of domestic employment betray their home countries under the name of free trade.
The real international free trade system is a competition among the nations, creating winners and losers.
It's motive power is political dynamics among countries, not empty words of economics.
The free trade rule of the World Trade Organization (WTO) is a product of compromise between countries and cannot be the ideal site of free trade.
Only Japanese media and intellectuals, like inflexibly uniform, brings WTO rules and criticize President Trump is like exposing ignorance to international politics.
This draft continues.
