Analysts and former federal officials said on Monday that the U.S. must decrease its dependence on Beijing for components of essential medicines and called for congressional action to incentivize U.S. pharmaceutical production. [May 7, 2018 | Inside US Trade] “Eighty percent of the active ingredients in medicines come from China and India,” Rosemary Gibson, senior…
In the wake of President Donald J. Trump’s decision to impose modest tariffs on Chinese steel imports, a deluge of ostensibly “conservative,” Reagan-era think tanks began zealously parroting an archaic and repeatedly disproven boogeyman of the Eastern intellectual establishment: that tariffs are inherently evil and caused the Great Depression. [John Griffing | May 7, 2018 | WND]…
By Jeff Ferry, CPA Research Director For decades, economists have taught David Ricardo’s Law of Comparative Advantage as if it is an absolute law. But the tide is turning, as some highly respected economists are now moving away from the doctrinaire position that all free trade is always good everywhere, and they begin to acknowledge…
