We hear quite a bit of misleading rhetoric against China these days. Let's grant, for argument's sake, that the Chinese overproduce steel, dump some of that steel into Canada and Europe before it makes its way to the United States, pilfer intellectual property and have a plan to dominate the world by 2025. It's still not a good reason to protect a few privileged American producers by slapping tariffs on the stuff other U.S. firms use to manufacture their goods — or for the government to restrict the supply of goods that households consume to raise their standard of living...
Read more: Telling the Truth on Trade
Copyright Creators Syndicate, Inc. 2018
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