Mercantilism: Difference between revisions

Mercantilism is a very old ideology, which stopped being relevant more than 3 centuries ago; but Mercantilist mentality (which isn't the same as [[File:Protect.png]] [[Protectionism|Protectionist mentality]]) can be seen in modern economic policy. The biggest example is US trading policy under the [[File:Trumpism.png]] [[Trumpism|Trump administration]]. <br>Trump argued that the U.S. "loses" money spent in importing foreign goods and materials, and that a "strong economy" must run a trade surplus. Furthermore, the rhetoric of the president often suggests that any money spent on imports enriches foreign competitors at the expense of American businesses and workers.