Trump’s Trade Policies Undermining Benefits of Tax Cuts, Slashing Regulations

Last week, the U.S. government hosted its annual SelectUSA Investment Summit just outside of Washington, D.C. The event often draws a good crowd of potential foreign investors looking for opportunities to invest in America. With the president’s cuts to the corporate tax rate and regulations, the United States will continue to be a prime destination … Continue reading Trump’s Trade Policies Undermining Benefits of Tax Cuts, Slashing Regulations

Trump’s Tariffs Are Pushing American Companies to Leave

Harley-Davidson’s motto is “All for freedom. Freedom for all.” Today, however, the freedom to trade in America is deteriorating—and because of that, the iconic motorcycle manufacturer will be moving some of its production overseas. The United States imposed tariffs of 25 percent on steel and 10 percent on aluminum in March. On June 1, America’s closest trading partners, … Continue reading Trump’s Tariffs Are Pushing American Companies to Leave

Here Are 5 Reasons Why Trump’s Tariff Bailouts Are a Bad Idea

The Trump administration is planning to spend as much as $12 billion in aid to help farmers hurt by the administration’s tariffs. By acknowledging the need for aid to farmers, the Trump administration is admitting that its tariff strategy is hurting Americans. There are multiple reasons why providing aid to farmers to offset the effects of tariffs … Continue reading Here Are 5 Reasons Why Trump’s Tariff Bailouts Are a Bad Idea

There’s No Such Thing as a Trade Deficit

Concerned with how trade is commonly discussed, Greg Mankiw recently issued a plea to journalists to halt the use of subjective terms to describe trade flows. Rather than words such as “deteriorated” or “improved,” the Harvard economics professor (and noted textbook author) proposes that writers employ more objective language such as “the trade balance moved towards surplus.” Mankiw’s … Continue reading There’s No Such Thing as a Trade Deficit

US Tariffs Hurt Americans More Than Anyone Else

The Canadian government, lining the pockets of its dairy producers, imposes high tariffs on American dairy imports. That forces Canadians to pay higher prices for dairy products. For example, Canadians pay $5.24 for a 10.5-ounce block of cheddar. In Washington, D.C., that same amount of cheddar sells for $3.64. Canadians pay $3.99 for a 1-pound … Continue reading US Tariffs Hurt Americans More Than Anyone Else

4 charts show why Trump’s tariffs will hurt everyone – not just China

On March 22, the Trump administration lobbed its second volley in a planned escalation of punitive trade measures against America’s trading partners. The latest salvo targets China, the largest U.S. trading partner, and covers a much wider range of products than the first set of tariffs, which focused on steel and aluminum. There are many … Continue reading 4 charts show why Trump’s tariffs will hurt everyone – not just China

Trump Should Focus on Debt Crisis Rather Than Raising Tariffs

Donald Trump achieved the presidency telling the American people he would “Make America Great Again.” Given that during eight years of Barack Obama’s presidency there was not a single year in which national satisfaction, as measured by Gallup, averaged above 30 percent, tapping into Americans’ general dissatisfaction with the state of the nation was good … Continue reading Trump Should Focus on Debt Crisis Rather Than Raising Tariffs