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Trade Policy

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.

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  • May 25, 2023
    Policy Analysis
    No. 947
    The Future of the WTO
    The Future of the WTO
    WTO members should not abandon their aim of liberalizing trade on a multilateral basis. But they should consider addressing the most pressing world trade issues through plurilateral agreements.
    By James Bacchus
  • May 17, 2023
    Research Briefs in Economic Policy
    No. 332
    Local Labor Market Effects of the 2002 Bush Steel Tariffs
    Local Labor Market Effects of the 2002 Bush Steel Tariffs
    We analyze the impact of the Bush steel tariffs on employment in local U.S. labor markets in steel-consuming industries and the steel-producing industry.
    By James Lake and Ding Liu
  • May 9, 2023
    Policy Analysis
    No. 946
    Course Correction
    Course Correction
    The U.S.-China relationship is increasingly complex and is the top geopolitical issue facing the world today.
    By Clark Packard and Scott Lincicome
  • April 25, 2023
    Policy Analysis
    No. 944
    Balance of Trade, Balance of Power
    Balance of Trade, Balance of Power
    The U.S. trade deficit is a misunderstood symbol of U.S. economic strength and influence in the world.
    By Daniel Griswold and Andreas Freytag
  • January 11, 2023
    Briefing Paper
    No. 146
    Formula for a Crisis
    Formula for a Crisis
    This brief provides an overview of the problematic trade, regulatory, and welfare policies underpinning the crisis.
    By Scott Lincicome, Gabriella Beaumont-Smith, and Alfredo Carrillo Obregon
  • November 9, 2022
    Policy Analysis
    No. 936
    The Black Hole of National Security
    The Black Hole of National Security
    After decades of disuse, costly “national security” trade restrictions have proliferated, aided largely by a troublesome loophole in global trade rules.
    By James Bacchus
  • November 9, 2022
    Research Briefs in Economic Policy
    No. 309
    Safeguarding Consumers through Minimum Quality Standards: Milk Inspections and Urban Mortality, 1880–1910
    Safeguarding Consumers through Minimum Quality Standards: Milk Inspections and Urban Mortality, 1880–1910
    Our research examines the effects of milk inspections, which were undertaken by most major American cities in the 1880s and 1890s, on two health-related outcomes of obvious importance to consumers: infant mortality and mortality from waterborne and foodborne diseases.
    By D. Mark Anderson, Kerwin Kofi Charles, Michael McKelligott, & Daniel I. Rees
  • August 16, 2022
    Policy Analysis
    No. 933
    The Self-Imposed Blockade
    The Self-Imposed Blockade
    A proper accounting of the costs and benefits of these laws produces a complicated picture that calls their wisdom into question.
    By Colin Grabow
  • May 19, 2022
    Visual Feature
    The (Updated) Case for Free Trade
    The (Updated) Case for Free Trade
    Free trade continues to have strong economic, geopolitical, and moral justifications, and its protectionist alternative imposes far higher costs while making us all poorer and less secure in the process.
    By Scott Lincicome and Alfredo Carrillo Obregon
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