Jomo provides a high-level view of how the US promoted selective trade liberalization, designed to preserve US and advanced economy advantages. Originally published at Jomo’s websitePresident Trump has blamed trade liberalization advocated by globalists for US deindustrialisation. Additional taxes, typically from consumption or income, have never compensated for tariff revenue losses due to trade liberalization. Claims of gains from trade liberalization presume internationally competitive productive and export capacities capable of generating a strong positive supply response. Worse, trade liberalization has made sustainable development nearly impossible by significantly reducing policy options for aspiring developmental states, especially for trade, industrial, investment and technology policies.