โข
Tariffs raised costs and manufacturing jobs disappeared. Now, the administration is declaring victory for partially filling the hole it dug.
The Trump administration calls economic isolation a weapon against Iran and a recipe for prosperity at home. Protectionism is a paradox.
Libertarianism doesnโt signal approval of vice, nor does free trade ignore struggling communities. Indifference is not the only alternative to coercion.
โข
A tariff may look like a uniform tax. In practice, exemptions give politically connected firms an advantage.
โข
The US factories that rely on Canadian steel, parts, energy, and expertise want President Trump not to make those inputs more expensive โ and American producers less competitive.
โข
Canada strengthened its border, removed retaliatory tariffs, and got slapped with tariffs anyway. Global governments are learning that US commitments cannot be trusted.
The fact that economists describe consumption as an end does not mean they dismiss humanityโs higher purposes.
โข
What economists have argued for generations is now reflected in public opinion: Americans see free trade as the better alternative to protectionism.
โข
When government decides who pays and who is exempt, businesses rationally redirect resources from investment to lobbying and favor seeking.
โข
The trust between America and its allies took generations to build and is being spent at a record pace.
โข
Tariffs raised costs and manufacturing jobs disappeared. Now, the administration is declaring victory for partially filling the hole it dug.
The Trump administration calls economic isolation a weapon against Iran and a recipe for prosperity at home. Protectionism is a paradox.
Libertarianism doesnโt signal approval of vice, nor does free trade ignore struggling communities. Indifference is not the only alternative to coercion.
โข
A tariff may look like a uniform tax. In practice, exemptions give politically connected firms an advantage.
โข
The US factories that rely on Canadian steel, parts, energy, and expertise want President Trump not to make those inputs more expensive โ and American producers less competitive.
โข
Canada strengthened its border, removed retaliatory tariffs, and got slapped with tariffs anyway. Global governments are learning that US commitments cannot be trusted.
The fact that economists describe consumption as an end does not mean they dismiss humanityโs higher purposes.
โข
What economists have argued for generations is now reflected in public opinion: Americans see free trade as the better alternative to protectionism.
โข
When government decides who pays and who is exempt, businesses rationally redirect resources from investment to lobbying and favor seeking.
โข
The trust between America and its allies took generations to build and is being spent at a record pace.
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