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Trade, Farm Subsidies, and Mitchell’s Law

Trade, Farm Subsidies, and Mitchell’s Law

by Dan Mitchell | Jul 12, 2018 | Big Government, Blogs

A couple of days ago, I shared a segment from a TV interview about trade and warned that retaliatory tariffs were a painful consequence of Trump’s protectionism. I also was asked in that interview about the negative effect on farmers. I speculated that farmers (and...
Payback’s a B*tch: Americans Suffer Blowback from Trump’s Protectionism

Payback’s a B*tch: Americans Suffer Blowback from Trump’s Protectionism

by Dan Mitchell | Jul 9, 2018 | Blogs, Trade

The theoretical case against protectionism is very straightforward. Economic growth suffers when politicians interfere with markets. The empirical case against protectionism also is very straightforward since there’s lots of data showing that it’s a job killer....
Trade Wars and Trump’s Risky “Destructionism”

Trade Wars and Trump’s Risky “Destructionism”

by Dan Mitchell | Jun 20, 2018 | Blogs, Economics

Back in January, I compared Reagan’s pro-trade views with Trump’s cramped protectionism. Well, here’s another video of the Gipper talking about trade. I especially like how he used “destructionism” to describe protectionism. And let’s consider exactly the kind of...
Higher Taxes on Imported Autos Will Kill Jobs and Undermine National Security

Higher Taxes on Imported Autos Will Kill Jobs and Undermine National Security

by Dan Mitchell | Jun 18, 2018 | Blogs, Free Market

On the issue of trade, Donald Trump is wallowing in the swamp of special interest favoritism instead of defending the interests of taxpayers and consumers. He’s wrong on NAFTA. He’s wrong on dealing with China. He’s wrong on steel and aluminum. And it appears that he...
Trump’s Zero-Tariff Proposal: Throwaway Line or Serious Offer?

Trump’s Zero-Tariff Proposal: Throwaway Line or Serious Offer?

by Dan Mitchell | Jun 14, 2018 | Blogs, Economics

At the risk of understatement, I’ve been very critical of President Trump’s trade policy. I pointed out that he was just as bad as Bernie Sanders before the election. And I didn’t change my tune once he got to the White House. I’ve written several columns bemoaning...
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