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Listened again to a Radiolab episode about game theory. The best economic strategy is tit-for-tat with occasional mercy shown. In computer simulations, the winning strategy is to be "kind" in trade to begin with, and only retaliate in proportion and in response to a trade partner's negative actions. About 10% of the time, withhold retaliation.
I don't follow politics so I don't know if the trade war was the best long term strategy or not.
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