Trump's Tariffs Didn't Work. Biden's Won't Work Either.
They favor special interests, hurt consumers, and have utterly failed to rein in China.
They favor special interests, hurt consumers, and have utterly failed to rein in China.
Plus: Columbus Day vs. Indigenous Peoples Day, the Biden administration prepares to regulate cryptocurrencies by executive fiat, and more...
The trade deficit is now the widest on record too.
Governments may not be able to make an economy, but they've proven they can break it.
U.S. Trade Representative Katherine Tai stresses the need for American competitiveness at the same time that the White House is pushing huge tax increases on U.S. businesses. And that's just the start.
A new study shows that former President Donald Trump's tariffs did little to push American companies out of China.
People and economies are retreating, or being pushed, back behind restricted frontiers.
The two are idolizing the wrong models.
The same institution that's unable to run the Postal Service or Amtrak orchestrated our invasion and withdrawal of Afghanistan.
What good is protectionism that isn't protecting anything?
"The Cuban people are not asking for military intervention."
New GAO report says the process for determining which companies could avoid paying those tariffs was rife with "inconsistencies" and poorly documented decision-making.
Taxing Americans to punish other countries for having lax environmental rules would be a logistical and bureaucratic nightmare. Democrats are trying to do it anyway.
President Joe Biden says America "stands firmly" with the people of Cuba who oppose the country's oppressive regime. But he can do more than offer words of support.
The never-released Trump administration report is a reminder that "national security" is usually a bogus reason to impose tariffs
We don't have a gridlock problem. We have a spending problem.
Trade news worth celebrating with a fine French wine.
A hundred-year-old protectionist law that makes traffic worse and goods more expensive.
Lockdowns, tariffs, and other market interventions made wood an expensive commodity.
The U.S. Innovation and Competition Act is a lobbyist-crafted proposal that funnels emergency spending to politically connected special interests.
The Commerce Department is planning to hike tariffs on Canadian lumber from about 9 percent to more than 18 percent.
Industrial policy is the wrong answer to a problem that mostly doesn't exist.
American consumers are bearing nearly 93 percent of the costs of the tariffs applied to Chinese goods, according to Moody's Investors Service.
Monday's announcement of a truce in the conflict is good. Peace would be better. Biden should drop Trump's steel tariffs.
The protectionist Jones Act makes it harder to move fuel around the country.
Trump imposed huge tariffs on imported steel and Biden is keeping them in place even as American businesses beg for relief.
The president says fighting climate change is one of his primary goals. His legislation would do no such thing.
These rules drive up costs and distort markets while letting politicians claim credit for defending domestic industries from foreign competition.
Global supply chains beat government-directed manufacturing once again.
Disruptions to trade are bad for the world, whether you can see them or not.
Liberal ideas are beginning to gain traction on the world's poorest continent.
Even supporters of Donald Trump think foreign trade and free markets are good for America.
Congress should rue the day it hopped on the kangaroo-meat ban.
Rather than undoing Trump's disastrous trade policies, Democrats in the White House and Congress appear to be entrenching the tariffs as a key part of U.S. trade policy.
The president's approach to immigration, trade, and industry may sound familiar.
"Vaccine nationalism" is going to make the pandemic last longer than it otherwise would.
The announcement signals a possible deescalation in the transatlantic trade war and raises hopes for a U.S.-U.K. trade agreement.
Trump's trade policies caused "a lot of disruption and consternation," Tai said at one point during Thursday's hearing. "I want to accomplish similar goals in a more effective process."
Biden's new trade representative should outline a plan to remove the economically nonsensical and politically pointless tariffs on European steel and aluminum in order to deescalate this costly conflict.
Further evidence that tariffs simply don't make sense as trade policy. President Joe Biden should take note.
In comments to The New York Times Magazine published this week, the new treasury secretary says free trade has been "so negative" for "a large share of the population." That's just wrong.
Reimplementing 10 percent tariffs on aluminum imported from the United Arab Emirates for vacuous national security reasons only entrenches executive authority over trade.
Biden should repeal Trump's food taxes immediately.
Some doable libertarian ideas for the new president
Pandering to maritime unions means higher costs and harsher lives for coastal minority populations.
Biden is seeking unity, but bipartisan agreement on bad policy is nothing to cheer for.
So far, Britain has signed 63 new trade deals, including with the E.U.
Five reasons why Trump's trade war didn't go the way he thought it would.
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