Viciously pedaling the cycle of Trade Barriers to Tariff Sanctions to Depressions to Great Wars.. As the free world is already engaged in tit-for-tat taxes, embargoes, duties, supremacists and bombs, undermining any sort of cooperation that can stand up to power centers, until its almost too late. We can only hope that wiser heads, business leaders, economists, and historians can show governments how selfishly greedy policies can induce far reaching damages not only to stock markets and economies, but to all sorts of international cooperation needed to stop malicious global gambles.

For more than half a century, there has been some consensus around free trade. Leaders of political parties and majority had appreciated the jobs, goods, and prosperity brought by international trade. But today that consensus appears to have shattered with League of Nations unable to resolve any ongoing disputes peacefully to facilitate prosperity for all, free trade, development and open markets. Why is it collapsing? And what will this mean for weaker economies?

By pursuing zero-sum self interests, each nation had enacted capital policies that harmed other nations. These policies, however, ultimately made things worse for everyone. Economic nationalism produced an international crisis. The collapse in trade among nations in the 1930s accompanied a rise in aggressive militarism, leading inexorably into World Wars. Later, Smoot-Hawley had passed on a party-line support, with next election ushering in one of the greatest partisan shifts, helping extreme capitalistic ideologies to safely fool the citizens until the edge of next viscous cycle. Tipping point is when Walmart imports more goods from China than do entire nations of Germany, UK, or Russia.

The bypass of international agreements will strain relations with other countries who may not agree with the US behavior, objecting such unilateral approaches. There had never been such violent opposition to trade deals in US, nor such a diverse coalition of opponents, including trade unionists, environmentalists, consumer advocates, religious groups, and even internationalists frustrated that globalization had not lived up to its promises. The increase in economic inequality has fostered hostility to China and to global trade engagements more broadly.

South Asian nations and some weakest economies are hardest hit, compounding the effects of Liberation Day cuts to the USAID in many of those countries. We must remember that cooperation can achieve objectives that nationalism cannot, and that nationalistic leverages can lead to unintended situations in which everyone loses instead of promoting real peace and long-term security.