Free Trade
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President Trump Slaps a Tariff on Canada
“Canadian Bacon” is a mid-1990s satire of U.S. politics. In the film, the president tries to boost the economy by starting a war with Canada. The opening salvo involves Bud Boomer, a rural sheriff from upstate New York, sneaking into Toronto to throw garbage in a park. The fictitious war ends up hurting the economy.…
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How Much Does Trade Affect Employment?
How much does import competition affect U.S. jobs? We at AIER have always argued for the benefits of free trade, but it is still worth understanding what happens to those who may lose their jobs because of international competition. The benefits from trade far outweigh the costs, but as we wrote in February, one reason…
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Home and Abroad on the Range: U.S. Ranchers and Trade
We at AIER recently wrote an article defending free trade amid a new climate of protectionism. While the arguments for free trade apply to all sectors of the economy, we focused primarily on manufacturing examples. A recent op-ed in the Dallas News used another excellent and perhaps less obvious example – Texas cattle ranchers. Richard…
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“Unfair” Trade, At Home and Abroad
We received some great questions from readers on our recent article about free trade, many of which had to do with how we should respond to unfair trading practices by foreign firms or governments. One practice commonly labeled unfair is dumping, where trading partners sell a commodity at a price deemed artificially low by…
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Mostly Domestic Manufacturing
In the wake of President Donald Trump’s protectionist stance for domestic manufacturing, many observers have spoken in defense of free trade. AIER has its own history of publishing in this area. In this post, I want to highlight one point that we touched on briefly in the December edition of AIER’s “Business Conditions Monthly” –…
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Trump, and the Free-Trade Tradeoff
The biggest news story in the world this past week has been the election of Donald Trump, and the biggest reason for his election was the vote of working class white voters in the Rust Belt states of Pennsylvania, Michigan and Wisconsin, states that had been projected to vote for Hillary Clinton. One current explanation…
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As U.S. Weighs Trade Pact, Trade Deficit Grows
With the Trans-Pacific Partnership heading to Capitol Hill for ratification, U.S. policymakers will weigh the proposed free-trade zone in an increasingly challenging trade environment. The strong dollar, a weaker global economy and low energy prices have all worked against the United States when it comes to trade, said Bob Hughes, senior research fellow at the…
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•
President Trump Slaps a Tariff on Canada
“Canadian Bacon” is a mid-1990s satire of U.S. politics. In the film, the president tries to boost the economy by starting a war with Canada. The opening salvo involves Bud Boomer, a rural sheriff from upstate New York, sneaking into Toronto to throw garbage in a park. The fictitious war ends up hurting the economy.…
-
•
How Much Does Trade Affect Employment?
How much does import competition affect U.S. jobs? We at AIER have always argued for the benefits of free trade, but it is still worth understanding what happens to those who may lose their jobs because of international competition. The benefits from trade far outweigh the costs, but as we wrote in February, one reason…
-
•
Home and Abroad on the Range: U.S. Ranchers and Trade
We at AIER recently wrote an article defending free trade amid a new climate of protectionism. While the arguments for free trade apply to all sectors of the economy, we focused primarily on manufacturing examples. A recent op-ed in the Dallas News used another excellent and perhaps less obvious example – Texas cattle ranchers. Richard…
-
•
“Unfair” Trade, At Home and Abroad
We received some great questions from readers on our recent article about free trade, many of which had to do with how we should respond to unfair trading practices by foreign firms or governments. One practice commonly labeled unfair is dumping, where trading partners sell a commodity at a price deemed artificially low by…
-
•
Mostly Domestic Manufacturing
In the wake of President Donald Trump’s protectionist stance for domestic manufacturing, many observers have spoken in defense of free trade. AIER has its own history of publishing in this area. In this post, I want to highlight one point that we touched on briefly in the December edition of AIER’s “Business Conditions Monthly” –…
-
•
Trump, and the Free-Trade Tradeoff
The biggest news story in the world this past week has been the election of Donald Trump, and the biggest reason for his election was the vote of working class white voters in the Rust Belt states of Pennsylvania, Michigan and Wisconsin, states that had been projected to vote for Hillary Clinton. One current explanation…
-
•
As U.S. Weighs Trade Pact, Trade Deficit Grows
With the Trans-Pacific Partnership heading to Capitol Hill for ratification, U.S. policymakers will weigh the proposed free-trade zone in an increasingly challenging trade environment. The strong dollar, a weaker global economy and low energy prices have all worked against the United States when it comes to trade, said Bob Hughes, senior research fellow at the…