MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘protectionism’

Trade Myths – LewRockwell

Posted by M. C. Fox on July 10, 2018

https://www.lewrockwell.com/2018/07/laurence-m-vance/trade-myths-die-hard/

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I received several comments and questions regarding trade after the publication of my recent article, “Stupid Countries Restrict Trade.” Here is a summary of some questions that a few people had:

What should the government of the United States do if other countries impose tariffs on U.S. goods exported to their countries?

What should the government of the United States do if a country subsidizes its exports to the United States?

What should the government of the United States do if it had no tariffs on foreign imports but other countries imposed tariffs on U.S. exports?

Trade myths die hard. Here are three of them I want to refute based on the comments and questions I recently received. Read the rest of this entry »

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George F. Will: Who will protect Americans from the protectors? | New Hampshire

Posted by M. C. Fox on February 12, 2017

http://www.unionleader.com/article/20170212/OPINION02/170219827/0/NEWS21

The American Enterprise Institute’s James Pethokoukis notes that parts come from South Korea, Japan, Italy, Taiwan, Germany and the United States. Components of Boeing airliners’ wings come from Japan, South Korea and Australia; horizontal stabilizers and center fuselages from Italy; cargo access doors from Sweden; passenger entry doors from France; landing gear doors from Canada; engines and landing gear from Britain.

Navarro’s “unwinding and repatriating” is, to say no more, part of an improbable project: making America greater by making Apple, Boeing and many other corporations much less efficient and less competitive.

This is where I part company with tariff and protectionism advocates like Pat Buchanan (who is otherwise pretty much right on). American companies source world wide. Tariffs raise prices and put a ball and chain on competitiveness. Not to mention foreign retaliation. Expect your cost of living to go up.

It is the consumer that dictates how the market does, not companies. If no one buys, your company is toast. Consumers don’t care about where it’s made or whether it is union made.

It is all about price. Don’t believe me? Go to Walmart.

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