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April 15, 2025
Blog

The US Food Trade Deficit Is Nothing to Fear
Deficits in specific products reflect tastes, incomes, and productivity differences across producers in various countries. Moreover, aggregate trade deficits reflect larger structural factors, such as the federal budget deficit and household savings.
By Philip G. Hoxie
April 15, 2025
Blog

Lawsuit Filed Challenging Trump’s “Liberation Day” Tariffs
On April 14, the Liberty Justice Center and I filed a lawsuit in the US Court of International Trade challenging the legality of Donald Trump’s gargantuan “Liberation Day” tariffs, on behalf of five US businesses that import goods from many of the countries targeted by the tariffs.
By Ilya Somin
April 14, 2025
Blog

Leland B. Yeager on the Case for Free Trade
That lesson should not be lost on Trump and his advisers. The best way to make America great again is to adopt the principle of free trade to show the Chinese people and the world that limited government and free enterprise under a just rule of law is the path to human dignity and progress.
By James A. Dorn
April 11, 2025
Blog

International Students Benefit the United States
While keeping Americans safe remains a top priority, it is important to recognize the benefits international students bring to the US.
By Kayla Susalla
April 8, 2025
Blog

High Protective Tariffs Have Been Short-Lived in American History
While it is therefore true that tariffs constituted the vast majority of federal revenue until the Civil War, this is because federal spending then was less than 3 percent of GDP. (Federal spending is over 25 percent of GDP today.)
By Joseph Bishop-Henchman
April 8, 2025
Blog

Bastiat’s “Candlemakers’ Petition” Reveals the Folly of Protectionism, Tariffs
For the moment he appears, our sales cease, all the consumers turn to him, and a branch of French industry whose ramifications are innumerable is all at once reduced to complete stagnation. This rival, which is none other than the sun, is waging war on us so mercilessly ….
By Michael Chapman
April 8, 2025
Blog

Benjamin Anderson (1949): The Crowning Financial Folly of the Hawley–Smoot Tariff
The Hawley-Smoot Tariff Act of June 1930 was the crowning financial folly of the whole period from 1920 to 1933.
By Alan Reynolds
April 7, 2025
Blog

We Have a Bad Globalization Narrative, Not Bad Economics
International economics will keep improving and should not be abandoned for narratives unsupported by theory and reality. Instead, we need to tell the stories and narratives consistent with the broader evidence—evidence that still strongly supports globalization.
By Kyle Handley
April 3, 2025
Blog

More About Trump’s Sham “Reciprocal” Tariffs
Trump’s “Liberation Day” tariffs are an incredible self-inflicted wound. It’s just unclear whether the greatest harm will be to the country’s economy, its reputation and standing, or the rule of law.
By Colin Grabow, Scott Lincicome, and Kyle Handley
April 3, 2025
Blog

Five Most Absurd Things about Trump’s “Reciprocal” Tariffs
In no particular order and certainly not a complete listing, here are five absurd aspects of President Trump’s “Liberation Day” tax hike on American consumers and businesses. And, yes, the entire situation itself is absurd.
By Tad DeHaven
April 3, 2025
Blog

Trump’s Tariffs Aren’t Reciprocal and Are a Massive Tax Increase on Americans
There isn’t any good economic theory to support Trump’s reciprocal tariff plan. The formula appears to be merely a justification to put tariffs on all countries, but higher ones on countries that we import a lot from.
By Jeremy Horpedahl and Phillip W. Magness
April 1, 2025
Blog

Do New Tariff Cut Offers Validate Trump’s Approach on Trade?
Some countries are offering to lower their tariffs on US exports to avoid President Trump’s wrath. But don’t put this in the win column for Trump’s aggressive trade approach just yet.
By Colin Grabow
March 28, 2025
Blog

Trump’s Automotive Tariffs Will Hurt American Consumers and Producers
As is so often the case with tariffs, the biggest losers will be lower- and middle-income Americans.
By Scott Lincicome and Tad DeHaven
March 28, 2025
Blog

Another Misguided US Attack on the World Trade Organization
In one more sign of its reckless retreat from responsibility in international trade, the United States is reportedly refusing to pay its agreed share of the budget of the embattled World Trade Organization (WTO). In Geneva, US delegates have evidently told other members of the WTO that its payments for the 2024 and 2025 WTO budgets are on hold pending a review of all US contributions to international organizations.
By James Bacchus
March 26, 2025
Blog

Trump’s Trade Wars Harm Farmers and Taxpayers
The time the Trump administration is spending upending global trade is a waste, the rationale for it is a fraud, and forcing taxpayers to cover the damage is downright abuse.
By Tad DeHaven