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Home / Carpe Diem / Video of the day: Trump is terrible on trade and the top 2020 Dems are no better – Publications – AEI

Video of the day: Trump is terrible on trade and the top 2020 Dems are no better – Publications – AEI

Summary:
AEI Video of the day: Trump is terrible on trade and the top 2020 Dems are no better Video of the Day (above) is from Reason.tv featuring Eric Boehm (“Trump Is Terrible on Trade. Top 2020 Dems Are No Better.”) and he highlights how “By erecting tariffs and threatening to tear up trade agreements, President Donald Trump has done more to achieve one of the left’s longstanding policy goals than any other modern president.” Money quote: “The Democrats are essentially arguing all we need is a more competent protectionist in the White House. But there’s no way to correctly implement a policy that stops individuals from freely exchanging goods and services just because they live in different countries.” Related: The chart below shows that since 1997, manufacturing output in the US have increased

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AEI
Video of the day: Trump is terrible on trade and the top 2020 Dems are no better

Video of the Day (above) is from Reason.tv featuring Eric Boehm (“Trump Is Terrible on Trade. Top 2020 Dems Are No Better.”) and he highlights how “By erecting tariffs and threatening to tear up trade agreements, President Donald Trump has done more to achieve one of the left’s longstanding policy goals than any other modern president.”

Money quote: “The Democrats are essentially arguing all we need is a more competent protectionist in the White House. But there’s no way to correctly implement a policy that stops individuals from freely exchanging goods and services just because they live in different countries.”

Related: The chart below shows that since 1997, manufacturing output in the US have increased by more than 50% while the number of American factory workers has declined by more than 26%. Real US factory output reached an all-time record high this year of $2.2 trillion (in 2012 dollars) with a workforce of nearly 5 million fewer factory workers than in 1997. On a per worker basis, the amount of manufacturing output per factory worker has more than doubled over the last 22 years, from $81,800 (in 2012 dollars) to nearly $170,000 this year. And that significant increase in factory worker productivity over the last 20 years, not outsourcing factory jobs to China as claimed by Bernie Sanders, Donald Trump and other politicians in the video above, is the main reason for the loss of nearly 5 million US manufacturing jobs in recent decades.

Video of the day: Trump is terrible on trade and the top 2020 Dems are no better - Publications – AEI

Video of the day: Trump is terrible on trade and the top 2020 Dems are no better
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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