Tuesday, September 19, 2017

The Trump Administration is Greasing the Skids for Tariffs and Other Protectionist Measures Against China

Here is another indication that the Trump administration is setting up to go total asinine protectionist against China.

The top U.S. trade official on Monday said that China’s
mercantilism poses an “unprecedented” threat to trade that the World Trade Organization is not equipped to handle, reports John Carney at Breitbart.

“The sheer scale of their coordinated efforts to develop their economy, to subsidize, to create national champions, to force technology transfer, and to distort markets in China and throughout the world is a threat to the world trading system that is unprecedented,” U.S. Trade Representative Robert Lighthizer said in a speech at the Center for Strategic and International Studies.

Trump and the people around him don't seem to get this but more products coming into the United States is always a plus for US consumers--even if foreign countries block imports into their own country.

Here is Milton Friedman on free trade and unilateral free trade.


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