My New Cato Institute Article Making the "Cosmopolitan Case Against World Government"
It is part of Cato's Defending Globalization series.
It is part of Cato's Defending Globalization series.
And you have to admit, he's got a point.
In an interview, former National Security Advisor Robert O'Brien admitted that "the Chinese didn’t honor" the terms of the deal, years after it was clear.
In 2017, the last full year before Trump's tariffs were imposed, America's overall trade deficit was $517 billion. By 2023, it had grown to $785 billion.
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Despite both presidential candidates touting protectionist trade policy, tariffs do little to address the underlying factors that make it difficult for U.S. manufacturers to compete in the global marketplace.
"The scale of trade barriers proposed by candidate Trump is unprecedented."
Bad for consumers, bad for American industry, bad for his administration's own environmental goals, and bad for an increasingly irrational executive branch.
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The economics of tariffs have not changed in the past eight years. Marco Rubio has.
If higher tariffs were the solution to anything, wouldn't there be evidence of that by now?
Vance's latest gambit is pretty nonsensical, intellectually embarrassing, and obviously self-serving. But that doesn't mean that it's not dangerous too.
These handouts will flow to businesses—often big and rich—for projects they would likely have taken on anyway.
Free trade brings us more stuff at lower prices.
Plus: A listener asks if Trump or Biden have done anything to secure the blessings of liberty.
A 10 percent tariff on all imports would trigger more inflation at the grocery store, particularly for products such as fresh fruit and coffee.
Chinese camera drones are the most popular worldwide. American drone manufacturers argue that's a national security threat.
Economic nationalists are claiming the deal endangers "national security" to convince Americans that a good deal for investors, employees, and the U.S. economy will somehow make America less secure. That's nonsense.
Support for industrial policy and protectionism are supposed to help the working class. Instead, these ideas elevate the already privileged.
Both companies consented to the deal. Why should they have to get permission from the president to do business?
The debate is over. Trump's steel tariffs failed.
Commerce Secretary Gina Raimondo says more chip subsidies are needed, even before the Biden administration has distributed $52 billion or measured how effective that spending was.
The U.S. International Trade Commission voted unanimously to reject a nakedly protectionist proposal that would have made canned goods more expensive.
Plus: A listener asks if it should become the norm for all news outlets to require journalists to disclose their voting records.
Regulations, tariffs, and other government-imposed hurdles reward American car companies for building bigger, more expensive trucks and keep out any potential competitors.
The new libertarian president believes in free markets and the rule of law. When people have those things, prosperity happens.
Should there be any limits to a president's power to centrally plan the economy? Apparently not.
That's bad news for Americans.
Anyone advocating neoliberal policies is now persona non grata in Washington, D.C.
Tariffs of 25 percent introduced under Donald Trump have been allowed to remain in place, and Biden may tack on even more to shield American firms from competition.
There's no good reason for the government to block Americans' access to cheaper tin cans.
Anyone advocating neoliberal policies is now persona non grata in Washington, D.C.
Coauthored with Cato Institute scholar Alex Nowrasteh.
Another round of federal intervention to prevent its sale makes no sense.
Argentina is opening domestic air travel to foreign airlines for the first time. The same trick has worked wonders for Europe.
The rules would allow the government to temporarily ease restrictions on WIC formula purchases during a shortage. But those restrictions shouldn't exist in the first place.
At nearly every turn, the infrastructure package opted for policies that limited supplies, hiked prices, added paperwork, and grew government.
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More than five years after it began, former President Donald Trump's trade war is still spiraling out of control.
Nikki Haley says "Trump was good on trade." What?
Some, like Rep. Patrick McHenry (R–N.C.), advocate a more measured approach.
We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?
Q&A with the author of the book Elon Musk calls "an excellent explanation of why capitalism is not just successful, but morally right."
A new report from the GAO highlights how America's system of sugar subsidies and tariffs costs consumers about $3.5 billion every year.
Removing high tariffs from foreign imports of baby formula would ease the supply shock of possible factory closures.
Deena Ghazarian, CEO of consumer electronic company Austere, says the federal government's tariff exclusion process was "arcane, nontransparent, and highly uncertain."