Policymakers must be constantly reminded of the benefits of free trade and the costs of protectionism. Free trade is the extension of free markets across political borders. Enlarging markets to integrate more buyers, sellers, investors, and workers enables more refined specialization and economies of scales, which produce more wealth and higher living standards. Protectionism does just the opposite. Congress and the administration should pursue policies that expand the freedom of Americans to participate in the international marketplace.
Trade Policy
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Last Word: Happy Days Are Here Again (for Trade Lawyers and Lobbyists)
The Long-Term Reputational Costs of Trumpian Protectionism
Should Congress Repeal the Jones Act Protections on Domestic Shipping?
Colin Grabow’s upcoming Jones Act podcast is previewed on the Big Digital Energy podcast
Colin Grabow is featured in a debate on the Jones Act on Bloomberg’s Odd Lots podcast
Restrained by the Invisible Hand
Cheap Talk on Cheap Stuff
Scott Lincicome’s comments from the article, “Congress, Let Trump Cut Tariffs,” are cited on WIND Radio’s Chicago’s Morning Answer
Which Is Worse: The Regime Uncertainty or the Tariffs?
How Republicans Learned to Love High Prices
Scott Lincicome’s comments in the article, “The early winners and losers of Trump’s tariff battle with Canada, Mexico, China, and Europe,” are cited on Ranting Politics’ Headline Update
Tariffs, Uncertainty, and Small Businesses
Clark Packard and Scott Lincicome’s blog post, “Americans Paid for the Trump Tariffs—and Would Do So Again,” is cited on WDEL’s The Rick Jensen Show
Clark Packard discusses the impact of steel and aluminum tariffs on Louisville Public Media’s Daily News Briefing