by jpitney | Apr 8, 2025 | Trade
Michael Strain at AEI: If your goal is to reduce the trade deficit, then your goal must also be reducing flows of foreign investment into the United States. When the US consumes and invests more than it produces, it must be running a current account deficit. To...
by jpitney | Apr 6, 2025 | Economic Policy, Trade
Kevin Corinth and Stan Veuger at AEI: The tariff the United States is placing on other countries is equal to the US trade deficit divided by US imports from a given country, divided by two, or 10 percent, whichever rate is higher. So even if the United States has no...
by jpitney | Mar 27, 2025 | Trade
New tariffs will increase the price of US-made cars because their parts come from other countries. It’s not a new phenomenon, as Milton Friedman once explained with a pencil.
by jpitney | Mar 25, 2025 | Economic Policy, Trade
Jason Douglas and Tom Fairless at WSJ: Barriers to open trade are rising across the world at a pace unseen in decades, a cascade of protectionism that harks back to the isolationist fervor that swept the globe in the 1930s and worsened the Great Depression. It isn’t...
by jpitney | Mar 23, 2025 | Canada, Reagan, Trade
President Reagan’s Remarks on Signing the United States-Canada Free-Trade Agreement Implementation Act of 1988. September 28, 1988: This legislation reflects overwhelming support for the elimination of barriers to trade between the United States and Canada. It...
by jpitney | Mar 19, 2025 | California Politics, Claremont McKenna College, Trade
Deborah Brennan at CalMatters: Confusion caused by President Donald Trump’s tariffs is clouding the Inland Empire’s economic forecast, as warehouses and other businesses face a looming trade war. The Inland Empire Economic Partnership recently released...
