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.
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.
Plus: Who are the editors' favorite vice presidents of all time?
Public ignorance has a big impact on voter atttudes on a major issue in the 2024 election.
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.
There are many pervasive myths about the U.S. tax code. Here are a few.
If higher tariffs were the solution to anything, wouldn't there be evidence of that by now?
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.
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.
The debate is over. Trump's steel tariffs failed.
The U.S. International Trade Commission voted unanimously to reject a nakedly protectionist proposal that would have made canned goods more expensive.
Plus: A listener asks if it should become the norm for all news outlets to require journalists to disclose their voting records.
Regulations, tariffs, and other government-imposed hurdles reward American car companies for building bigger, more expensive trucks and keep out any potential competitors.
Should there be any limits to a president's power to centrally plan the economy? Apparently not.
That's bad news for Americans.
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.
Another round of federal intervention to prevent its sale makes no sense.
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.
More than five years after it began, former President Donald Trump's trade war is still spiraling out of control.
Tariffs and sugar subsidies have propped up overvalued land needed to fix the environmental damage.
A new report from the GAO highlights how America's system of sugar subsidies and tariffs costs consumers about $3.5 billion every year.
With a second term, the former president promised to end California's water shortage, clear homeless encampments, and conduct the biggest deportation operation in American history.
Removing high tariffs from foreign imports of baby formula would ease the supply shock of possible factory closures.
Deena Ghazarian, CEO of consumer electronic company Austere, says the federal government's tariff exclusion process was "arcane, nontransparent, and highly uncertain."
Rather than posing a national security threat, the growth of China's E.V. industry is an opportunity for global innovation.
"There's nobody that says, wait, is this good for America? Is this good for the American consumer?"
Donald Trump's latest argument for protectionism is undermined by the realities of his own trade policies.
"It's not easy to make one of these rules, but it's a thousand times harder to get rid of one."
Instead, Donald Trump is proposing a 10-percent automatic tariff on all imports, a trade policy even worse than Biden's.
The "Tariff Man" promises to strike again.
Panic over China's rapid economic growth has fueled all manner of big-government proposals. They're looking even more foolish now.