Protectionism and Free Trade

Since the Tariff Act of 1789, the tariff has been the playground of special interests, and used as a means of rewarding political friends, and harming political enemies.

Trump's new tariffs just happen to protect certain industries that are big political donors.

Many people fail to correctly distinguish between the causes and effects of price inflation and those of monetary inflation.

Government stats on trade deficits tell only a tiny bit of the real story. 

Specialization and foreign trade are good things, even if one party to the transaction could produce everything better and cheaper than the other.

Neither the United States nor the European Union are so free of protectionist “sin” to cast retaliatory tariff stones at the other. 

Trump has exposed the hypocrisy of the "free trade" advocates in China and Europe. But by raising tariffs, Trump and other world leaders are inviting disaster. 

Some special interest groups don't want customers to even have the option of buying other products.

As a trade war heats up between the US and the EU, both regimes rush to victimize their own populations.

What the labor group is conveying to the world is that it hates progress.