The 'Pro-Worker' GOP Is Anti-Worker
The New Right talks a big populist game, but their policies hurt the people they're supposed to help.
The New Right talks a big populist game, but their policies hurt the people they're supposed to help.
Tariffs lead to trade wars, limit competition, and reduce innovation. But both Trump and Biden want more of them.
Growth of regulation slowed under former President Trump, but it still increased.
Opening night of the Republican National Convention programmed a central issue with a Trumpian twist: "Make America Wealthy Again."
Yes, trade tariffs cause higher prices. Trump never understood that, and now Biden apparently has forgotten it.
"I don’t care to replace a left-wing nanny state with a right-wing nanny state," the onetime presidential hopeful said this week.
Although former President Donald Trump's deregulatory agenda would make some positive changes, it's simply not enough.
Yes, cheap imports hurt some American companies. But protectionist trade policy harms many more Americans than it helps.
It is part of Cato's Defending Globalization series.
And you have to admit, he's got a point.
In an interview, former National Security Advisor Robert O'Brien admitted that "the Chinese didn’t honor" the terms of the deal, years after it was clear.
In 2017, the last full year before Trump's tariffs were imposed, America's overall trade deficit was $517 billion. By 2023, it had grown to $785 billion.
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Despite both presidential candidates touting protectionist trade policy, tariffs do little to address the underlying factors that make it difficult for U.S. manufacturers to compete in the global marketplace.
"The scale of trade barriers proposed by candidate Trump is unprecedented."
Bad for consumers, bad for American industry, bad for his administration's own environmental goals, and bad for an increasingly irrational executive branch.
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The economics of tariffs have not changed in the past eight years. Marco Rubio has.
If higher tariffs were the solution to anything, wouldn't there be evidence of that by now?
Vance's latest gambit is pretty nonsensical, intellectually embarrassing, and obviously self-serving. But that doesn't mean that it's not dangerous too.
These handouts will flow to businesses—often big and rich—for projects they would likely have taken on anyway.
Free trade brings us more stuff at lower prices.
Plus: A listener asks if Trump or Biden have done anything to secure the blessings of liberty.
A 10 percent tariff on all imports would trigger more inflation at the grocery store, particularly for products such as fresh fruit and coffee.
Chinese camera drones are the most popular worldwide. American drone manufacturers argue that's a national security threat.
Economic nationalists are claiming the deal endangers "national security" to convince Americans that a good deal for investors, employees, and the U.S. economy will somehow make America less secure. That's nonsense.
Support for industrial policy and protectionism are supposed to help the working class. Instead, these ideas elevate the already privileged.
Both companies consented to the deal. Why should they have to get permission from the president to do business?
The debate is over. Trump's steel tariffs failed.
Commerce Secretary Gina Raimondo says more chip subsidies are needed, even before the Biden administration has distributed $52 billion or measured how effective that spending was.
The U.S. International Trade Commission voted unanimously to reject a nakedly protectionist proposal that would have made canned goods more expensive.
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Regulations, tariffs, and other government-imposed hurdles reward American car companies for building bigger, more expensive trucks and keep out any potential competitors.
The new libertarian president believes in free markets and the rule of law. When people have those things, prosperity happens.
Should there be any limits to a president's power to centrally plan the economy? Apparently not.
That's bad news for Americans.
Anyone advocating neoliberal policies is now persona non grata in Washington, D.C.
Tariffs of 25 percent introduced under Donald Trump have been allowed to remain in place, and Biden may tack on even more to shield American firms from competition.
There's no good reason for the government to block Americans' access to cheaper tin cans.
Anyone advocating neoliberal policies is now persona non grata in Washington, D.C.
Coauthored with Cato Institute scholar Alex Nowrasteh.
Another round of federal intervention to prevent its sale makes no sense.
Argentina is opening domestic air travel to foreign airlines for the first time. The same trick has worked wonders for Europe.
The rules would allow the government to temporarily ease restrictions on WIC formula purchases during a shortage. But those restrictions shouldn't exist in the first place.
At nearly every turn, the infrastructure package opted for policies that limited supplies, hiked prices, added paperwork, and grew government.
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