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Defending Globalization

Globalization faces renewed attention—and criticism. Like any market phenomenon, the free movement of people, things, money, and ideas across natural or political borders is imperfect and often disruptive. But it has also produced undeniable benefits—for the United States and the world—that no other system can match. And it’s been going on since the dawn of recorded history.

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  • February 10, 2025
    Blog
    More Costly Steel Tariffs on the Horizon
    More Costly Steel Tariffs on the Horizon
    Sixty-plus years of American steel protectionism—and nearly seven since the first Trump administration’s “national security” tariffs—have not succeeded at reversing the industry’s long-term decline. Yet they have imposed and continue to impose significant costs on Americans.
    By Clark Packard and Alfredo Carrillo Obregon
  • February 7, 2025
    Blog
    Will Trump's "Reciprocal Trade" Only Go One Way?
    Will Trump’s “Reciprocal Trade” Only Go One Way?
    The idea that the United States must adopt “reciprocity”—and in the process become a tariff-wielding protectionist outlier—because of some grave historical trade injustice is just detached from reality.
    By Scott Lincicome
  • February 6, 2025
    Blog
    ‘De-Globalization’ Still Isn’t Happening (At Least Not Yet)
    Buried in yesterday’s Census Bureau release of the latest US international trade data for full-year 2024 was a nice reminder that, for all the talk of tariffs and “de-globalization,” American consumers and companies aren’t having any of it—at least not yet. In fact, inflation-adjusted US goods imports hit an all-time high last year.
    By Scott Lincicome and Alfredo Carrillo Obregon
  • January 31, 2025
    Blog
    Should the US Respond to “Unfair” Trade Practices?
    Should the US Respond to “Unfair” Trade Practices?
    Subsidies for particular industries harm the countries that adopt them by distorting the allocation of productive activity and forcing residents to pay higher taxes. But such policies benefit the United States overall.
    By Jeffrey Miron
  • January 17, 2025
    Blog
    "Let Them Eat Fish"
    “Let Them Eat Fish”
    About 90 percent of all avocados consumed in the United States are imported, and Americans enjoy hundreds of billions of dollars worth of food from abroad, much of it fresh fruits and vegetables that can’t be grown here in significant commercial quantities. Tariffs on these products would mean higher US food prices and less variety at the supermarket, making us all a little poorer in the process.
    By Scott Lincicome
  • January 3, 2025
    Blog
    A “Mess” Compared to What, Mr. Cass?
    A “Mess” Compared to What, Mr. Cass?
    But a good economist will not simply assess the seen; he will also assess the unseen, including the ever-important question, “compared to what?” And that’s where Cass’s thesis most obviously dissolves.
    By Ryan Bourne
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