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Is There Such a Thing as Too Much Trade?
A common argument for free trade is that fewer trade barriers mean more trade. That argument is mostly true—there are a lot of deals people…
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A New Front in the Trade War: Overseas Private Investment
Tariffs get most of the press in today’s trade debate, and for good reason. Tariff rates under Trump have roughly doubled in less than two…
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This Week in Ridiculous Regulations
Hurricane Florence, Supreme Court nominee Brett Kavanaugh’s sexual assault allegation, and a ten percent tariff on $200 billion of Chinese goods dominated the news. Meanwhile,…
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Tariffs and Opportunity Costs
Today’s unsubtle trade debate largely ignores a subtle, but vitally important concept: opportunity costs. Direct harms from tariffs are easy enough to point out. Steel…
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Trade Goings-On: U.S.-UK Draft Agreement, New Book, and Peter Navarro’s Conversion
The Competitive Enterprise Institute is not the only group making a principled case for free trade. The UK-based Initiative for Free Trade, headed…
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Common Myths and Facts about Trade
There are a lot of confusions on both sides of the trade debate. A short CEI WebMemo, published today, seeks to clear up three…
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New China Tariffs Coming Soon
Less than a week after signing a bill to reduce some tariffs, the administration is moving to raise others. As soon as today, the…
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This Week in Ridiculous Regulations
It was a slow week for substantive news, aside from President Trump’s surprise signing of the Miscellaneous Tariff Act, which reduces tariffs on about 1,700…
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President Trump Signs Miscellaneous Tariff Act
In a surprise move, President Trump signed the Miscellaneous Tariff Bill Act into law on Thursday. The bill will reduce tariffs on roughly 1,700 goods…
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Free Trade Challenges: Tariffs, Concentrated Benefits, and Diffused Costs
Tariffs hurt more people than they help. So why do those outnumbered few keep winning so many political victories at the majority’s expense? The answer…
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This Week in Ridiculous Regulations
After a short Labor Day breather, Supreme Court nominee Brett Kavanaugh’s hearings and White House intrigue made for a lively four-day week. Meanwhile, agencies issued…
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August Brought 201,000 New Jobs, but Future Gains Threatened by Trade Restrictions
The U.S. economy added 201,000 jobs in August, the U.S. Labor Department announced today. Good news, but impending trade restrictions could put a damper…
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Tariffs Invite Corruption
The Commerce Department is offering exemptions to President Trump’s recent steel and aluminum tariffs. More than 2,000 companies have applied. That means that there…
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This Week in Ridiculous Regulations
August ended with a bang, leaving the 2018 Federal Register on the brink of the 45,000-page mark going into the Labor Day holiday. Agencies passed…
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Trade Is as Old as Humanity
Archaeologists have uncovered evidence of long-distance trade going as far back as 200,000 years ago. The artifacts are mainly things such as obsidian tools…
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Trade Restrictions Will Not Improve National Security
One of the most persuasive arguments trade protectionists use is the national security argument. It serves as a “get out of jail free” card with…
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This Week in Ridiculous Regulations
Lawyers are having a field day in Washington, and not just in cases involving associates of a certain member of the executive branch. Over at…
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Trade Made Renaissance Art Possible
Trade and specialization make all kinds of life-enriching innovations possible. In fact, Italian Renaissance art was one of them, a gift that continues to inspire…
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‘Infant Industry’ Argument Does Not Justify Trade Barriers
Most startups fail. The conventional wisdom is that about 90 percent of businesses fail within five years of their founding. For companies making new types…
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This Week in Ridiculous Regulations
It was a slow news week on the policy front, though quite busy on the drama/soap opera front. The House was in recess, and while…
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Protectionism Keeps People Poor
Why do people trade with each other at all? Because it makes them better off. As Iain Murray’s and my paper “Traders of the…
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This Week in Ridiculous Regulations
The number of new final regulations for the year passed the 2,000 mark, with new rules ranging from cell walls to harpoon fishing.
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This Week in Ridiculous Regulations
The big regulatory news is a proposed loosening of fuel economy standards for cars. This will likely improve safety; lighter cars don’t hold up…
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This Week in Ridiculous Regulations
The economy grew by 4.1 percent last quarter, which is wonderful news. The president also announced $12 billion of subsides for farmers hurt…
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Trump’s Trade Meeting with European Commissioner Juncker: Better than Nothing
Many trade-watchers are breathing a sigh of relief about President Trump’s meeting yesterday with European Commission President Jean-Claude Juncker. The result was essentially a…
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Trump Proposes $12 Billion in Aid to Farmers Hurt by His Tariffs
As we’ve been saying ever since this issue heated up, tariffs hurt the economy. There’s no way around it. Seeing this harm, President Trump…
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This Week in Ridiculous Regulations
The European Union fined Google a record $5 billion for antitrust violations, and the president raised foreign policy kerfuffles with Britain and Russia on…
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This Week in Ridiculous Regulations
It was an uneventful week at regulatory agencies, with a lower-than-usual 51 new final regulations, ranging from skin disability ratings to garage door openers. For more data,…
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This Week in Ridiculous Regulations
America celebrated its 242nd birthday on Wednesday, and new tariffs on $34 billion worth of Chinese goods came into effect on Friday. Meanwhile, during a…
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A Quick Lesson in Antitrust: Netflix and Comcast
Every time a major corporate merger is announced, pundits predictably warn of impending doom if regulators allow it to happen. Yet, pundits and regulators don’t know any…