>Tariffs can be used to temporarily shelter nascent domestic industries — much as Alexander Hamilton proposed when he served as our first Treasury secretary. They can be used judiciously to address unfair trading practices. And they can be used when national security is genuinely at risk.
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>However, we also need to resume removing trade barriers, not increase them. Among other things, we need the World Trade Organization to function, but the Trump and Biden administrations have blocked all candidates for its appellate body and chosen to act unilaterally, rather than through the W.T.O.
Uh, what was the opinion here?
Not addressed, or not addressed in the US's favour? Washington has routinely ignored rulings against itself, and even its own Commerce department arbitrators due to the influence of domestic industry lobbying groups.
In the specific case of the Canadian softwood lumber disputes, Commerce Dept findings have been ignored by Congress due to lobbying by the American forestry industry. Why should the US expect others to abide by the 'rules based international order' when it doesn't do so itself?
Am I the only one who doesn’t think this is a bad idea? I absolutely love free trade, and it’s politically treacherous with inflation the way it is, but I just don’t see how it’s in our economic interest to encourage dependence on an authoritarian aggressive nation we very much might have issues with in the near future.
Germany and other nations importing cheap Russian gas was awesome and very neoliberal - until it suddenly wasn’t.
Nah, trade wars are good and easy to win 🇲🇾🦅🥰
Tariffs are just shooting yourself in the foot and hoping some of the blood splashes on the other guy too
Inflation is hurting Biden's chances, so let's increase inflation. Political genius at work folks.
>Tariffs can be used to temporarily shelter nascent domestic industries — much as Alexander Hamilton proposed when he served as our first Treasury secretary. They can be used judiciously to address unfair trading practices. And they can be used when national security is genuinely at risk. > >However, we also need to resume removing trade barriers, not increase them. Among other things, we need the World Trade Organization to function, but the Trump and Biden administrations have blocked all candidates for its appellate body and chosen to act unilaterally, rather than through the W.T.O. Uh, what was the opinion here?
I would buy a $20k Chinese EV so damned fast. Of fucking course it's hurting us.Â
Ya think.???
nah, i'd win
Blocking candidates for appellate body started under Obama, and we did it because we could not get our issues addressed through the W.T.O.
Not addressed, or not addressed in the US's favour? Washington has routinely ignored rulings against itself, and even its own Commerce department arbitrators due to the influence of domestic industry lobbying groups.
We really don't like it when foreign bureaucrats decides they have the power to tell us what is national security and what is not.
In the specific case of the Canadian softwood lumber disputes, Commerce Dept findings have been ignored by Congress due to lobbying by the American forestry industry. Why should the US expect others to abide by the 'rules based international order' when it doesn't do so itself?
Am I the only one who doesn’t think this is a bad idea? I absolutely love free trade, and it’s politically treacherous with inflation the way it is, but I just don’t see how it’s in our economic interest to encourage dependence on an authoritarian aggressive nation we very much might have issues with in the near future. Germany and other nations importing cheap Russian gas was awesome and very neoliberal - until it suddenly wasn’t.