by CF&P | Feb 25, 2025 | Blogs, Economics, Trade
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...
by Dan Mitchell | Feb 11, 2025 | Blogs, Trade
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...
by Dan Mitchell | Feb 7, 2025 | Blogs, Economics, Trade
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...
by Dan Mitchell | Feb 1, 2025 | Blogs, Trade
Taxes are bad for growth and government intervention is bad for growth. Protectionism is a combination of those two bad policies. Government takes more of our money and does so in a way that allows politicians to distort the economy. But, unlike in...
by Dan Mitchell | Jan 25, 2025 | Blogs, Trade
In Trump’s fourth year in the White House, back in early 2020, I wrote that the trade deficit was rising because the economy was doing well. I specifically observed in that column that “the trade deficit is increasing in large part because Trump’s...
