Trump's Trade War Made the Pandemic Worse, and Nationalism Will Slow the Recovery
Protectionism is now infecting the GOP to a degree that may be difficult to eradicate when the Trump era ends.
Protectionism is now infecting the GOP to a degree that may be difficult to eradicate when the Trump era ends.
Abolishing tariffs would have short- and long-term benefits for the economy.
The deal will affect more than $1 trillion in annual trade between the U.S. and its two neighbors.
Just days before the new North American trade deal is set to take effect, the Trump administration reminds everyone that it prefers protectionism to free trade.
For two years, the president and his defenders have stubbornly claimed, contra both theory and evidence, that the duties are absorbed by China and other exporters.
In a new book, former White House national security advisor John Bolton says Trump's trade deal negotiations with Chinese President Xi Jinping "commingled the personal and the national."
The president’s tariffs have hiked prices and harmed consumers.
That's probably because those goals were always completely unrealistic. Less than six months after the deal was signed, it's already coming apart.
Sen. Chuck Grassley says it's dead because lawmakers feared upsetting the president.
In a Senate floor speech Wednesday, Hawley outlined a half-baked plan to tear down global trade. It's aimed at winning elections, not helping America prosper.
Two economists calculate that U.S. farms lost $14 billion because of retaliatory tariffs, while South American countries boosted their exports by $13 billion to fill the gap.
"The tariff is making it more difficult for companies to supply our nation's essential workers with antiseptics and sanitizing products they need."
Early takeaways from the country's response to a pandemic
The department has granted just 1 percent of the tariff exemption requests that were challenged by domestic steel producers.
The White House announced a temporary suspension of tariff payments as a way to stimulate the American economy, but the relief will not apply to tariffs on steel, aluminum, or imports from China.
General Motors is being charged import taxes on parts it needs to build ventilators. Its requests for relief have gone unanswered.
Export restrictions only make sense if you're unable to understand the obvious consequences of that policy.
It's almost like Americans are paying for them, and like Trump doesn't actually believe in free trade.
Robert Lighthizer, head of the Office of the U.S. Trade Representative, says tariffs aren't hurting America's response to the virus. He's also lifting those tariffs to help with the response.
Some of Trump's tariffs hit medical equipment and supplies from China. We need more trade, not less, to be prepared for pandemics.
American whisky and wine drinkers are being punished for trying to amicably trade what they have for what they want.
Whisky has become collateral damage in a long-running spat between the U.S. and the E.U. over subsidies to airplane manufacturers.
Instead of $12.5 billion in new agriculture purchases exports to China this year, the USDA expects less than $4 billion.
When it comes to the trade deficit, policy wonks were right and the president was wrong.
Plus: Virginia's assault weapon ban gets shot down, Trump's tariffs face new legal scrutiny, and why you don't want Amy Klobuchar on your bar trivia team
Stephen Moore and Gene Epstein debate whether or not President Trump's Chinese trade policy deserves broad public support.
The federal government is not a good steward of your money.
American manufacturing has been in a recession for the past year.
The Tariff Man doubles down on bad economics.
Republicans might rue that mistake when Elizabeth Warren or Bernie Sanders inherits Trump's beefed-up trade authority.
Trump's trade war has harmed the very industries and workers he aimed to help.
Plus: More from an impromptu Trump talk at Davos, how Kamala Harris handled California cop corruption, and more...
Unless the tariffs are lifted, the "Phase One" trade deal might not accomplish much beyond empowering China's communist regime to tighten its grip on free markets.
The Trump administration's "phase one" deal with China will keep many tariffs in place, but Democrats don't seem to have the guts to stand up for freer trade.
A 100 percent tariff on European wines could all but wipe out the industry.
Robert Wetherbee says steel tariffs might force his business to shutter. But instead of asking for the tariffs to be lifted, he wants special treatment.
"These U.S. tariffs have been completely passed on to U.S. firms and consumers," report economists from Princeton, Columbia, and the Federal Reserve.
That should be fairly obvious to anyone who has been following the news, but a new report from the Federal Reserve provides the empirical evidence.
This deal offers minimal relief for Americans, and it doesn't seem to address the thorniest issues between the two countries.
Trump, big labor, and America's reputation as a trading partner emerge as winners, but free trade takes the loss in the USMCA.
Deadlines near for the NAFTA rewrite and the China negotiations.
The set of tariffs scheduled for December 15 will hit a wide range of consumer goods from children's toys to laptops, gaming consoles, and other home electronics. They will be costly and ineffective..
Trump has authorized up to $16 billion in bailout spending this year, on top of $12 billion spent in 2018.
A new study shows that tariffs and other anti-trade policies actually benefit executives far more than the average worker.
New research shows that GOP candidates lost ground in counties that were adversely affected by the trade war. In places without those effects, there were "no discernable gains" for Republicans.
The tariffs were supposed to create the conditions for such a deal, but Trump is refusing to drop them as part of an agreement.
Trump's trade war is failing to achieve its primary policy goals, but the really bad news is elsewhere.
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