Spengler writes in the Asia Times Online, “Rather than a tariff war, the world will face a disruption of the global supply chain, major dislocations in high-technology trade, shocks to pricing, and a return to national autarky in a number of economic policies. The result will be ugly in economic terms, and it will raise strategic tensions everywhere in the world. Hard to imagine an American policy initiative stupider than its attempt to export democracy to Iraq, this will go down as the dumbest thing America ever did.”