Congress Acquiesces to Tariffs by Fiat

This post is to call your attention to a brand new paper of mine titled “Tariffs by Fiat: The Widening Chasm between U.S. Antidumping Policy and the Rule of Law.” First, some background. Article 1, Section 8 of the U.S. Constitution gives Congress authority “to lay and collect Taxes, Duties, Imposts and Excises…and to regulate commerce with foreign … Continue reading Congress Acquiesces to Tariffs by Fiat

Five Issues with Biden’s Supply Chain Plan

The ever‐​fading hope that a Biden administration would look fondly on free trade is becoming more of a free trader’s dying wish than a realistic expectation. The problem with this narrative, of course, was the Trump administration’s embrace of a laundry list of ideas long held by Congressional Democrats, which made them more likely to agree with him than to … Continue reading Five Issues with Biden’s Supply Chain Plan

Determining America’s “Dependence” on China for Essential Medical Goods

The unfortunate onset of COVID-19 has caused many politicians and pundits to proclaim that the United States is distressingly dependent on China for essential medical goods, and to ask whether this “dependence” demands new government programs—in particular, protectionism, subsidies and “Buy American” procurement mandates—to fix the alleged problem. A little‐​noticed report from United States International Trade Commission (ITC) begins to provide the … Continue reading Determining America’s “Dependence” on China for Essential Medical Goods

USMCA Marks New Chapter for North American Trade

For more than 25 years, the North American Free Trade Agreement (NAFTA), which built the continent into one of the most efficient and competitive trade blocs in the world, has been the law of the land. On July 1, rules for trade in North America will change with the United States-Mexico-Canada Agreement entering into force. USMCA … Continue reading USMCA Marks New Chapter for North American Trade

Congress and the Administration Should Advance Free Trade to Aid in COVID-19 Economic Recovery

Relations between the U.S. and China are increasingly icy, and justifiably so given China’s mishandling of COVID-19 and its undermining of Hong Kong’s autonomy. However, even as overall tensions rise, it is important to remember that the trade dispute between the U.S. and China continues to take a toll on the U.S. economy and the pocketbooks of Americans. As … Continue reading Congress and the Administration Should Advance Free Trade to Aid in COVID-19 Economic Recovery

Should International Bureaucrats Control US Tax Policy?

For more than a year, Europe has pressured the U.S. into a global pact to increase taxes on big tech firms. The U.S. just pulled out of those negotiations. This was the right decision, but made for the wrong reasons. A new proposal, led by European members of the Organization for Economic Cooperation and Development, … Continue reading Should International Bureaucrats Control US Tax Policy?

Remembering the Benefits of Trade

International trade benefits and enhances the lives of Americans every day. In these uncertain times, it is more important than ever to reiterate the importance of trade to America. In that context, President Donald Trump has proclaimed May 17-23 World Trade Week. The president encourages “Americans to observe this week with events, trade shows, and educational programs that celebrate … Continue reading Remembering the Benefits of Trade

Why Trade Freedom Will Be Key to Post-COVID-19 Global Economic Rebound

The World Trade Organization recently reported that half of its member countries currently imposing coronavirus pandemic-related export-control restrictions were not reporting those controls. The report highlighted the lack of transparency and long-term risks that shortsighted restrictions pose to trade flows and global supply chains. In particular, the World Trade Organization report noted, “80 countries and separate customs territories … Continue reading Why Trade Freedom Will Be Key to Post-COVID-19 Global Economic Rebound

China’s ‘Economic’ Losses Aren’t Because of US Trade Success

China’s economic growth has been slowing down, but it was slowing down before President Donald Trump entered the White House, and it will continue to slow down, regardless of whether the U.S.-China trade dispute continues or not. Supporters of the administration’s trade policy often cite the decline in China’s largest stock market, the Shanghai Stock … Continue reading China’s ‘Economic’ Losses Aren’t Because of US Trade Success

Thank God for Free Trade ‘Avocados From Mexico’

It is difficult to read the phrase “avocados from Mexico” without singing the catchy tune from a popular Super Bowl commercial. These commercials ring true today for American guacamole lovers because the triple-digit heat and wildfires in California are hurting their avocado crop. Temperatures above 115 degrees have led to major crop losses as many fruits prematurely fell off … Continue reading Thank God for Free Trade ‘Avocados From Mexico’