William F. Shughart II
| Tuesday September 1, 2020 at 9:30 AM PDT
On March 31, in the midst of the COVID-19 global pandemic, American mattress manufacturers and labor unions, claiming “dumping,” petitioned to impose prohibitive duties on mattress imports from seven countries. They are banking on precedent. In 2019, the International Trade Commission ruled against mattress imports from China—applying an unprecedented 1,731 percent duty. China had...Read More »
| Wednesday February 13, 2019 at 11:41 AM PST
You simply can’t make people better off by removing options from them.
| Friday February 1, 2019 at 11:41 AM PST
The doctrine of nationalism, a dangerous brew in which Americans have long indulged.
Carl P. Close
| Thursday June 14, 2018 at 9:00 AM PDT
Whatever his latest rhetoric, Trump has helped show that—just as economists feared—the idiocy of trade protectionism is contagious.
| Sunday May 20, 2018 at 9:00 AM PDT
The nation-based “balance of international payments” accounting system is misleading and nonsensical.
| Saturday August 19, 2017 at 6:56 PM PDT
My new monograph, A Trade Policy for a Brexited Britain, was published on Friday by the Institute of Economic Affairs. Here is a brief synopsis: Adam Smith once observed that “Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far...Read More »
| Tuesday December 6, 2016 at 9:14 AM PST
President-elect Donald Trump’s so-called Carrier deal, which seems to amount to a threatening conversation he had with Carrier’s managers, combined with some tax concessions by the state of Indiana, exemplifies the approach he has more or less announced he will take in dealing with U.S. companies that propose to move operations abroad. He threatens...Read More »
Robert P. Murphy
| Wednesday November 9, 2016 at 4:59 PM PST
As the markets and pundits react to Donald Trump’s enormous upset victory, let me offer my own reactions. As an economist, I will focus on matters pertaining to economic policy. The Danger of Hubris and Denial. Everybody recognizes that the “experts” and polls were totally wrong. Indeed, I was listening to NPR around 6...Read More »
Alvaro Vargas Llosa
| Tuesday November 1, 2016 at 4:57 PM PDT
There are different ways to gauge the rise of protectionism. An obvious one is to count, as Global Trade Alert does, the number of measures adopted by various countries affecting competition from outside. Some 4,000 new barriers to trade have been adopted worldwide since 2008. Another way is to look at the trend in...Read More »
| Monday March 14, 2016 at 1:08 PM PDT
Donald Trump promises to “Make America Great Again.” Unfortunately, his “us versus them” view of economic exchanges, prominent in his “America doesn’t win anymore” rant, would fail introductory economics. And his protectionist promises cannot make us great again, only less great and poorer. Trump’s protectionism rehashes a bogus patriotism argument. Imports are pilloried as...Read More »