Free Trade & Trade Policy

Trump’s Protectionist Follies Threaten a Trade War

President Donald Trump has announced the planned imposition of a new, 25 percent tariff on imported steel and a 10 percent tariff on foreign made aluminum entering the United States. This has brought about threats of trade retaliation by a number of America’s trading partners. The menacing clouds of a possible trade war are showing themselves on the global ... [click for more]

Trump’s Economic Warfare Targets Innocent Bystanders

An often forgotten truth is that it is not just military warfare that can cause injury to innocent bystanders, the same inescapably happens in economic warfare initiated by governments, as well. But in the latter case the human “collateral damage” is a targeted victim. On March 29, 2017, “The Wall Street Journal” ran a story highlighting the Trump Administration’s likely ... [click for more]

Free Trade versus Political Fallacies

The current political campaign for the U.S. presidency has brought out the worst in both the personalities and the policy positions among many of those running for that high political office, and this has been especially the case with international trade and the global economy. Listening to the presumptive Republican and Democratic candidates for the White House, the average voter ... [click for more]

Free Trade Is Fair Trade

As relayed by Harvard economics professor and chairman of George W. Bush’s Council of Economic Advisers, N. Gregory Mankiw, “The Princeton economist Alan Blinder once proposed Murphy’s Law of economic policy: ‘Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least ... [click for more]

Are There Rules for Trade?

Barack Obama has been lobbying Congress for Trade Promotion Authority (TPA), also known as “fast-track authority,” so the executive branch can work in secret on trade deals before submitting them to Congress for a quick up-or-down vote with limited time for debate, no provision for amendments, and no possibility of a Senate filibuster. The president has made passage of the ... [click for more]

Free Trade Benefits vs. Fears of Foreign Goods

Japanese Prime Minister Shinzo Abe spoke before a joint session of the U.S. Congress on April 29, 2015 and offered his “eternal condolences to the souls of all American people that were lost during World War II,” but never directly said that he was sorry for Imperial Japan’s sneak attack on Pearl Harbor on December 7, 1941. The real purpose ... [click for more]
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