Economist Paul Krugman has suggested that trade policy designed to retaliate against another country's trade policy would

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Paul Krugman argues that a strategic trade policy aimed at establishing domestic firms in a dominant position in a global industry is a beggar-thy-neighbor policy that boosts national income at the expense of other countries. In many cases, the resulting trade war between two or more interventionist governments will leave all countries involved worse off than if a hands-off approach had been adopted in the first place.

Economist Paul Krugman Has Suggested That Trade Policy Designed to Retaliate