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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.

March 8, 2018

Republicans Leerier of Trump's Tariffs than Democrats


IPI expert referenced: Merrill Matthews

"Even if one agrees that U.S.-made steel must be protected, the problem is that imposing large tariffs gives a green light to every other company or industry hoping to use government power to protect it from competition," IPI resident scholar Merrill Matthews said. "They will now descend on Washington, checkbook in hand. That's the swamp, or what's known as 'crony capitalism.'"

March 7, 2018

Whose Crumbs?


Nancy Pelosi isn’t the only one who is out-of-touch and doesn’t understand economics.

March 7, 2018

IPI Joins Coalition Letter to President Trump Urging Reconsideration of Aluminum and Steel Tariffs

On behalf of the undersigned groups representing millions of taxpayers and consumers across the country, we urge you to reconsider the tariffs on aluminum and steel announced on March 1, 2018. 

March 6, 2018

Coalition Letter to the President Regarding Tariffs


March 6, 2018

Tariffs Don't 'Drain the Swamp,' They Are the Swamp


Opening the door to tariffs means that every company and industry that can't or won't compete will head to Washington, checkbook in hand, hoping to use the power of government to protect them. 

February 27, 2018

Gas Exports Become a Force for World Peace and a Cleaner Environment


Three reasons why we should cheer the fact that China is importing liquefied natural gas.

February 6, 2018

Trump May Have a Prescription for High Drug Prices


President Trump wants to address the high price of some prescription drugs, and new bilateral trade agreements would be a good place to start.

January 23, 2018

Trump Tries to Save U.S. Solar but May Kill It Instead


President Trump has imposed tariffs on imported solar panels and solar cells, but is that an effort to save the solar industry or undermine it?

January 3, 2018

U.S. Trade Agreements: Reasons For Restraint


IPI expert referenced: Merrill Matthews

As Merrill Matthews of the Institute for Policy Innovation noted in a Jan. 2 Wall Street Journal op-ed column, NAFTA participants Canada, Mexico and the United States are codependent on energy and benefit from the trade agreement’s tariff terms.

September 12, 2017

Swazi Farmers Brace for Life Without Their Sugar Daddy


IPI expert referenced: Tom Giovanetti

With the EU set to lift caps on sugar production, African producers could be squeezed out of a market that has propped up places like Swaziland for years.

 

Total Records: 118

 

 

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