by Dan Mitchell | Apr 3, 2025 | Blogs, Trade
Based entirely on his profound illiteracy about trade balances (explained Tuesday and Wednesday), President Trump has unilaterally imposed one of the largest tax increases in American history. Rather than engage in lengthy analysis, all of which would...
by Dan Mitchell | Apr 2, 2025 | Blogs, Trade
I shared data yesterday showing how and why trade deficits don’t matter. Moreover, I shared data showing that countries with higher taxes on imports usually have higher trade deficits. Unfortunately, Trump and his team don’t understand trade. Instead,...
by Dan Mitchell | Apr 1, 2025 | Blogs, Trade
I’ve repeatedly shared a chart showing that a trade deficit is merely the flip side of an investment surplus. But that chart had data through 2017, so let’s look at a new version of the chart, courtesy of the Tax Foundation....
by Dan Mitchell | Mar 30, 2025 | Blogs, Trade
When Javier Milei was running for President in 2023, I explained that the media was wrong to equate him to Trump. In American terms, Milei is a libertarian or Reaganite (or a “freedom conservative“). Trump, by contrast, is hard to define, but is...
by Dan Mitchell | Mar 27, 2025 | Blogs, Economics, Trade
I’ve periodically mentioned that Herbert Hoover’s protectionism contributed to the Great Depression of the 1930s. In today’s column, let’s look at some details. We’ll start with this short video featuring Dartmouth’s Doug Irwin....
