End the Tariff Taboo

Discussion in 'Economics & Trade' started by Lil Mike, Jan 25, 2021.

  1. Lil Mike

    Lil Mike Well-Known Member

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    From a most surprising source, National Review, comes an article that takes the Trumpian side of the trade wars.

    End the Tariff Taboo


    "To the American policy elite, there are few heresies greater than tariffs. In the world of think-tank white papers and academic panel discussions, tariffs keep Marxism company in the ashbin of history, supposedly discredited by the mathematical models of orthodox economists and disdained by every presidential administration since Herbert Hoover.

    Entrenched skepticism was no match for the Trump administration, which shattered decades of consensus by increasing average tariffs on Chinese goods from 3 percent to almost 20 percent. This new trade war has been condemned by virtually every quarter of mainstream policy opinion, yet rather than restore the pre-Trump status quo, the new Biden administration appears ready to continue the supposedly backwards policy. Biden — a career free-trader who supported NAFTA and China’s ascension to the World Trade Organization — has no plans to rescind Trump’s China tariffs."

    Hopefully that's true, but Hunter does have child support to pay...
     

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