Monday, March 12, 2018


   Tariffs, “like all protection from competition, are great for the protected business and its workers, at least for a while.” According to Cochrane, such protection comes “at the expense of consumers, and the damage is worse than the gain. What is good for an individual business is not good, scaled up, for the economy as a whole.”
    For Marc Thiessen, American Enterprise Institute fellow and Washington Post columnist, Trump’s tariffs “undermine his ability to deliver on many other important promises he made in the 2016 campaign.” The measures will create “incentives for manufacturers to move across the border to Canada in order to avoid the tariffs.”
    As Thiessen sees it, the tariffs will “drive up the cost of virtually every infrastructure project,” and harm the effort to achieve energy independence. Higher steel and aluminum prices “will increase the cost of new ships, planes and other military hardware — which means we can afford to procure fewer of them, harming our national security.” Such arguments did not deter the president from imposing the tariffs, but he does allow some flexibility.

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