Protectionism makes no sense for OECD countries
In OECD countries, protectionist tendencies are appearing everywhere: tariffs, pressure to buy local products, stimulus plans targeted at national production, offshoring, etc. With these various forms of protectionism, OECD countries hope to reshore production and create jobs, but they forget that other countries would retaliate. Potential growth in OECD countries is significantly lower than in emerging countries. If OECD countries lose access to emerging markets as a result of retaliation to their protectionist policies, the loss of production and jobs will far outweigh the gains from implementing protectionist measures.