Free Trade Dialectics

The Free Trade thesis of the late 20th Century is being challenged by President Trump’s tariff-positive antithesis and much more autarkic vision for the 21st Century United States. This thesis-antithesis clash has not produced a clear new synthesis — at least not yet. There are vigorous efforts to restore and preserve the prior thesis. Below is a one minute commercial produced and placed by the provincial government of Ontario, it features an edited version of 1987 remarks by President Ronald Reagan explaining the benefits of free trade. President Trump has responded by canceling trade negotiations with Canada’s federal government. Supply Chain Resilience fit for the thesis is not well-calibrated with the antithesis. While waiting for a synthesis to evolve, supply chain operators are placing their own bets.