Technological developments, new tastes, and work methods will replace or transform many of the jobs we do today, as well.… Read More
International trade hasn’t had a very good time lately. Encircled by Trump’s plans, by EU and China’s threats at retaliation, and by the utter failure of the WTO, international commercial relations are stymied under an increasing amount of regulations, tariffs, and restrictions. … Read More
President Donald Trump has, unfortunately, decided to deliver on his protectionist campaign promises by imposing tariffs on steel and aluminum. According to the New York Times, the tariff decision appears to have been the impetus behind the resignation of Trump’s top economic advisor, Gary Cohn, on Tuesday.… Read More
Protectionism may temporarily “save” jobs in one industry, but it usually destroys even more jobs elsewhere. For example, because of protectionism in the steel industry, American automakers are estimated to pay as much as $500 more per car for steel than Japanese auto-makers.
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