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“It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy . . . . If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them with some part of the produce of our own industry, employed in a way in which we have some advantage.”

-Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, 1776

IPI believes the United States should aggressively pursue trade liberalization, which includes a willingness to lower our own trade barriers even when other countries do not respond reciprocally.  Ideally, those efforts include multilateral agreements, such as the Trans-Pacific Partnership, but bilateral agreements can also promote freer trade. 

American consumers bear the brunt of the protectionist impulse through higher prices on consumer goods, and American workers are best served when liberalized trade policies facilitate the export of American products throughout the world.  At a time when protectionist sentiments are growing, it is important to assert that the U.S. and its workers have nothing to fear from trade, and everything to gain.

April 24, 2018

No, Mr. President, You Have That Backwards


President Trump seems to think we don't tax Japanese automakers, but we do. And Trump's suggestion would tax Americans instead.

April 19, 2018

Coalition Letter Urging Intellectual Property Protection Under NAFTA


Intellectual property is too important to global health and America’s industrial competitiveness to accept a new NAFTA lacking in robust IP protections.

April 12, 2018

IPI Commends Trump Administration's Reentry into TPP Negotiations


IPI commends President Trump for directing U.S. Trade Representative Robert Lighthizer and economic adviser Larry Kudlow to negotiate U.S. re-entry into the Trans-Pacific Partnership (TPP) trade agreement.

April 10, 2018

Even the Threat of a Trade War Could Tank the Economy


The U.S. economy has shifted from strength to uncertainty, and both because of President Trump's policies: Economic strength emerged from his regulation and tax cut efforts, and uncertainty from his tariff threats.

April 2, 2018

Chinese Trade War Shows Tariffs Don't Make America Great Again


As China increases tariffs on 128 U.S. products and the first sparks of a trade war begin to fly, President Trump demonstrates a failure to learn lessons from history in his pursuit to make tariffs great again.

March 21, 2018

Five Undeniable Truths About Tariffs


President Trump hopes to make tariffs great again. But economists learned several lessons from the past big tariff push in the 1930s. Here are some of those lessons.

March 15, 2018

Trump Announces New Economic Advisor


IPI expert referenced: Merrill Matthews

“With the departure of Gary Cohn, many were concerned that an important voice for free markets would be missing from the administration,” stated Merrill Matthews, a scholar at the conservative  Institute for Policy Innovation. “Appointing Larry Kudlow should relieve those fears.”

March 14, 2018

Trump names Larry Kudlow as Top Economic Adviser


IPI expert referenced: Merrill Matthews

Conservative free trade groups praised the move.  “With the departure of Gary Cohn, many were concerned that an important voice for free markets would be missing from the administration,” said Merrill Matthews, a scholar at the Institute for Policy Innovation. “Appointing Larry Kudlow should relieve those fears.”

March 14, 2018

Larry Kudlow Praised as Trump's Potential Top Economic Advisor


IPI expert referenced: Merrill Matthews

The Institute for Policy Innovation is praising the expected naming of CNBC commentator and analyst Larry Kudlow to replace Gary Cohn as President Donald Trump's chief economic advisor (head of the National Economic Council).

March 14, 2018

Kudlow Excellent Choice as Trump's Chief Economic Advisor


President Trump has made a wise selection by appointing CNBC contributor, TV and radio host Larry Kudlow, whose creed is “free market capitalism is the best path to prosperity,” to be his chief economic advisor as head of the National Economic Council.

 

Total Records: 109

 

 

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