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

Trump’s Failing Grade on Trade Threatens His Overall GPA on Economic Policy

  I explained last month that the World Trade Organization’s dispute-resolution mechanism is the best way of discouraging China from short-sighted mercantilist and cronyist trade policies. The Trump Administration, though, thinks that the best response to bad Chinese trade policy is to adopt bad American trade policy. In this interview, I fret that tit-for-tax protectionism is bad, and might even … Continue reading Trump’s Failing Grade on Trade Threatens His Overall GPA on Economic Policy

Trade wars are good’? 3 past conflicts tell a very different story

  A bilateral trade war appears to be in full swing. China and the U.S. are trading targeted tariffs on each others’ goods. Threats of retaliation by key U.S. allies like Canada and the European Union prompted President Donald Trump to exempt a large group of countries from the steel and aluminum duties it announced … Continue reading Trade wars are good’? 3 past conflicts tell a very different story