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Home / Carpe Diem / A disturbing plunge into protectionism….. – Publications – AEI

A disturbing plunge into protectionism….. – Publications – AEI

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AEI A disturbing plunge into protectionism….. … is the title of George Will’s latest column in the Washington Post, here’s an excerpt: “China,” says President Trump strangely, “is now paying us billions of dollars in tariffs.” Tariffs are taxes collected at the border and paid in one way or another by various residents of the importing nation. Bloomberg Businessweek notes that Coca-Cola blamed metals tariffs for its decision to raise product prices. The billions China is supposedly paying “in tariffs” are figments of the president’s remarkable misunderstanding of the protectionism that is the centerpiece of his agenda. ….. It is hilarious, but helpful, that the president thinks, or at any rate says, that this week’s mild modernizing revisions of NAFTA have transformed what he previously

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AEI
A disturbing plunge into protectionism…..

… is the title of George Will’s latest column in the Washington Post, here’s an excerpt:

“China,” says President Trump strangely, “is now paying us billions of dollars in tariffs.” Tariffs are taxes collected at the border and paid in one way or another by various residents of the importing nation. Bloomberg Businessweek notes that Coca-Cola blamed metals tariffs for its decision to raise product prices. The billions China is supposedly paying “in tariffs” are figments of the president’s remarkable misunderstanding of the protectionism that is the centerpiece of his agenda.

…..

It is hilarious, but helpful, that the president thinks, or at any rate says, that this week’s mild modernizing revisions of NAFTA have transformed what he previously called the “worst trade deal ever made” into “the biggest trade deal in the United States’ history.” So, about one thing he is sort of right: Trade wars are easy to win — if you sufficiently define victory down.

A disturbing plunge into protectionism…..
Mark Perry

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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