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...
by jpitney | Mar 15, 2025 | Congress, House of Representatives, Trade
In 1987, Speaker Jim Wright (D-TX) created a new day in order to rush passage of a bill. Philip Wallach at The American Interest: Most dramatically, as Wright sought to push through a revenue-positive reconciliation bill following “Black Monday” in October 1987, his...
by jpitney | Mar 14, 2025 | Economic Policy, Taxes, Trade
‘Milton Friedman, April 27, 1978: The interesting question, and the question I want to explore with you today, is why is it that interference with international trade has been so widespread, despite the almost uniform condemnation of such measures by economists?...
