Fight Protectionism: British Vote and Trade Balances

fight protectionism: The first blows came from the British vote to leave the European Union, and the rise of populist, nationalist movements in Europe has continued to shake one of the pillars of the world financial order, according to The Japan Times. The second blow was the election of Donald Trump as president of the United States. That routine has been shaken this year. Trump has rejected the foundational assumptions of contemporary international economics, eschewing multilateralism and focusing on trade balances even to the point of proving unwilling to back the boilerplate pledges to fight protectionism that have been a staple of economic meetings for decades. This is more than unfortunate; it is dangerous. The result is genuine uncertainty about the guiding principles for global economic governance. (news.financializer.com). As reported in the news.