Trump’s Costly De Minimis Trade Gambit

Trump’s Costly De Minimis Trade Gambit

Protectionism is illogical. It is based on the notion that it is good to have higher prices and inefficient allocation of resources. Which is why trade barriers inevitably lead to lower growth and fewer jobs. All based on an utterly irrelevant...
Trump Proposes to Destroy Manufacturing Jobs

Trump Proposes to Destroy Manufacturing Jobs

Within the first minute of my recent video on trade and protectionism, I remarked that ”Trump simply does not understand trade.” Today, I want to give another example of why “Tariff Man” has the wrong approach. He just announced that he will be imposing a 25 percent...
Trade 101 for Trumpies

Trade 101 for Trumpies

To augment my four-part video series about trade (dealing with the WTO, creative destruction, deficits, and economics), here’s part of my recent lecture about Trump’s trade policy to the Universidad de Libertad in Mexico City For those who...