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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.

July 11, 2018

The Trade Conflict and Tariffs Will Hit Both Sides Hard


IPI expert referenced: Merrill Matthews

Dr. Merrill Matthews discusses the concerns of those in the heartland who are being hit the hardest by the tariffs.

June 28, 2018

Former Adviser Praises Trump for Tax Cuts and Deregulation but Calls His Tariffs 'Stupid'


IPI expert referenced: Tom Giovanetti

In his presentation, titled “Trumponomics: How and Why It’s Working,” Moore said that the heart of “Trumponomics” is growing the economy as rapidly as possible and that many of the major issues facing our country today — including poverty, the national debt, income inequality and education — will be easier to solve if the economy is growing faster.

June 26, 2018

Here Comes Trump's Steel Tariffs-Induced Crony Capitalism


We predicted that if Trump's trade war took off it would lead to crony capitalism. Now companies are understandably lining up for tariff exemptions, and you know money and favors are changing hands.

June 20, 2018

Where Steel Tariffs Will Hit Hard: Your Gas Tank


Imposing steel tariffs will force consumers to pay more for electricity and to fill their tanks.

June 18, 2018

Trump's Right, China and the G-7 Countries Do Have Higher Tariffs


President Trump has just slapped a 25 percent tariff on about $50 billion worth of Chinese products. His complaint is that China imposes significantly higher tariffs on the U.S. than the U.S. imposes on China. According to the World Trade Organization, the president is correct. 

June 5, 2018

Other Countries Impose Higher Tariffs; How Should the U.S. Respond?


President Trump complains that our major trading partners impose more and higher tariffs than the U.S., and a WTO assessment implies he's correct. So what's the appropriate response?

May 30, 2018

NAFTA Negotiators Must Protect U.S. Intellectual Property


If a new NAFTA doesn't improve intellectual property protection, it's not a better deal.

May 3, 2018

An Open Letter to the President and Congress Regarding Tariffs


Dr. Merrill Matthews joins thousands of other economists as a signator on an open letter to President Trump and Congress expressing opposition to protectionist tariffs. 

May 1, 2018

A Modest Proposal for Reducing U.S.-China Trade Tensions


U.S. and Chinese trade negotiators are meeting to resolve trade tensions. One way to do that is for China to import more U.S. oil and natural gas.

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.

 

Total Records: 118

 

 

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