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…
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]…
China has long prosecuted a trade war against American industries and workers. Finally, we have a president willing to take up arms but he is widely disparaged by academic economists — who are generally sympathetic to the resist Trump movement and prescribe more Obama-era appeasement. [Peter Morici | May 3, 2018 | Washington Times] Supported, for…
“This is Orwellian nonsense and part of a growing trend by the Chinese Communist Party to impose its political views on American citizens and private companies,” Sanders said. She said the Trump administration is calling on China “to stop threatening and coercing American carriers and citizens.” Japan Times News Beijing has dismissed the White House’s criticism of China’s…
President Donald Trump’s recently implemented trade strategy — including tariffs on subsidized imports from China — is drawing fire from multinational agribusinesses and their trade associations. They favor a borderless world, and they support the free trade agreements of the past 20 years. Op-ed Originally Appeared on LifeZette on May 5, 2018 Family farmers and…
The battle lines are drawn in the trade war with China, and President Donald Trump can expect little support from the high tech and financial sectors or the economics profession. They argue the U.S. is doing quite well. [Peter Morici | May 7, 2018 | MarketWatch] Donald Trump has lifted growth to 2.9% a year…
WASHINGTON—President Donald Trump eased trade pressure on top U.S. allies Monday, giving the European Union and some nations outside the bloc more time to negotiate deals that would exempt them from U.S. steel and aluminum tariffs. [Michael C. Bender and William Mauldin | April 30, 2018 | WSJ] The White House said broad tariffs of 25%…
Peter Navarro, assistant to the president for trade and manufacturing policy, on Tuesday said all countries spared from the Section 232 tariffs on steel and aluminum imports will be hit with quotas “or other restrictions” — and that the 30-day extensions granted to some early this week will be the last. [Isabelle Hoagland | May…
WASHINGTON (Reuters) – U.S. President Donald Trump’s chief trade negotiator said on Tuesday he was not looking to negotiate changes to China’s state-driven economic system in trade talks in Beijing this week but would seek to expose it to more foreign competition. [ David Lawder | May 1, 2018 | Reuters] U.S. Trade Representative Robert…
Washington, DC. The Coalition for a Prosperous America (CPA) strongly encourages the Trump Administration to fully implement crucial Section 232 steel and aluminum tariffs rather than extend exemptions for certain countries. We support the Commerce Department determination that surging imports of subsidized steel and aluminum “threaten to impair the national security” of the United States.…