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Video of the day: Johan Norberg explains how protectionism destroys more jobs that it saves

Summary:
AEI Video of the day: Johan Norberg explains how protectionism destroys more jobs that it saves According to President Trump, his trade advisers, other politicians and many US domestic industries competing with foreign rivals, we need trade protectionism to stop foreign competitors, because they destroy our industries and “steal our jobs.” Shouldn’t we all be willing to pay a little bit more for consumer goods if it saves some US jobs? Cato Institute Senior Fellow Johan Norberg explains how this popular idea of protecting domestic industries from foreign competition has already failed time and time again in the US and elsewhere, and ends up destroying more jobs that are saved. Video of the day: Johan Norberg explains how protectionism destroys more jobs that it saves

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Video of the day: Johan Norberg explains how protectionism destroys more jobs that it saves

According to President Trump, his trade advisers, other politicians and many US domestic industries competing with foreign rivals, we need trade protectionism to stop foreign competitors, because they destroy our industries and “steal our jobs.” Shouldn’t we all be willing to pay a little bit more for consumer goods if it saves some US jobs? Cato Institute Senior Fellow Johan Norberg explains how this popular idea of protecting domestic industries from foreign competition has already failed time and time again in the US and elsewhere, and ends up destroying more jobs that are saved.

Video of the day: Johan Norberg explains how protectionism destroys more jobs that it saves

Mark Perry
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan’s Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

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