Jun
05

Troubled Trade

If Trump wants to fight over trade, he should consistently impose tariffs and never use quotas. With tariffs, the artificially higher price results in increased revenues to the US Treasury. With quotas, the higher prices benefit foreign manufacturers. Also, never suggest tariffs or quotas are potentially in the works; that just encourages domestic firms to immediately stock up on foreign goods, needlessly raising prices and helping foreigners at our expense.

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