Trade

President Donald Trump is a Classic Mercantilist

Trump is a classic mercantilist. A mercantilist favors exporters over importers and the use of government tariffs to promote (or “protect”) less efficient, but politically favored “national champion” companies against their foreign competitors.

How Much Damage Will Come from this Trade War?

How Much Damage Will Come from this Trade War?

First, the good news: the U.S. and world economies have not imploded, so far, as fallout from the rising trade tensions between the Trump administration and Xi Jinping’s government in China. Now, the bad news: there is no certainty that this will not play itself out...

Protectionists in Plunderland

Protectionists in Plunderland

If we Americans are indeed made better off the greater are foreigners’ demands for our exports, how are we made worse off by foreigners’ economic success given that such success invariably increases their demands for our exports?

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The Case for Free Trade

The fear of other people’s intelligence and ability applied to the production of goods we consume is not only profoundly wrong but also extremely dangerous.

Principles and Policy: Will Bush Trip Over Pears?

Once the Bush administration abandoned the principles of free trade by imposing punitive tariffs on imported steel, it was only a matter of time before other industries sought government redress for their own failure to compete successfully. Case in point: Pears....

Free Trade with a Slave State?

Q: Should a free country trade with people who live under a dictatorship (e.g. China, Cuba)? And, if not, should the government of the free country restrict such trade with dictatorships? A: If you enjoy living in a free country, then you benefit from that freedom...

Let There Be Free Trade

Leaders of 34 American countries are meeting this weekend in Quebec City at the Summit of the Americas to discuss the establishment of a free trade zone extending from Canada to Chile. A Free Trade Area of the Americas (FTAA) is a top priority of the Bush...

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