By Pierre Lemieux Countries are collections of individuals and trade no more than they eat, consume drugs, or travel. Only individuals do that. Besides the failure to understand the straight economic arguments for free trade, a methodological error often seems to underlie protectionist arguments. The error is to assume that "countries" trade. For example, consider what President Donald Trump said in defending his recent tariffs ("Trump Defends Steel and Aluminum Tariffs Threat with Attack on EU," Financial Times, March 2, 2018):"The European Union has been particularly tough on the United States," Mr Trump said. "They make it almost impossible for the United States to do business with them. And yet
Contributing Guest considers the following as important: International Trade
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