Most Americans think of the United States as a free trade island in a sea of protectionist nations. In reality, the U.S. government maintains significant barriers to trade. Tariffs, quotas, and "voluntary restraint agreements" are the most common forms of protection. These barriers restrict consumer choice and drive up the prices we pay for goods and services. No one knows just how much more consumers must pay because of trade barriers, though in 1986 economist Gary Hufbauer put the figure at $65 billion. More recently, other economists have studied some particular industries and found that the bill quickly adds up to $28 billion, even excluding most of the economy.
"It feels like we've gone from tragedy to farce."
Trump imposed huge tariffs on imported steel and Biden is keeping them in place even as American businesses beg for relief.
The new framework aims to keep everyone learning at the same level for as long as possible.
High unemployment benefits are getting the blame for disappointing job growth in the midst of a worker shortage
"I do not hold any bitterness toward anybody."