Thursday, March 15, 2018

Trump's new economic adviser

Trump's new economic adviser: Tariffs Are Taxes. By LARRY KUDLOW, ARTHUR B. LAFFER & STEPHEN MOORE
https://www.nationalreview.com/2018/03/tariffs-are-taxes/
Excerpt: Steel and aluminum may win in the short term, but steel-and-aluminum users and consumers lose.. One of the ironies of trade protectionism is that tariffs and import quotas are what we do to ourselves in times of peace and what foreign nations do to u‎s with blockades to keep imports from entering our country in times of war. Or consider that we impose sanctions on U.S. enemies such as North Korea, Russia, and Iran because we want them to feel the economic pain of being deprived of imports.

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