Protectionism begets protectionism. The latest example of this sad state of affairs comes to us via the U.S. International Trade Commission. It ruled in January that American producers of line pipe are being hurt by imports of large-diameter line pipe…
If you drive an imported car, as I do, your vehicle may soon be declared a national security risk by the Department of Commerce. If you drive an American-assembled car, your car may also pose a threat to U.S. national…
While President Trump has framed his tariffs as a method of protecting American businesses and jobs, General Motors on Friday became the latest company to warn that move could backfire. The company said those tariffs on cars and parts used…
Bad news: there’s another national security crisis. And no, it has nothing to do with cancelling the Iran deal or the Singapore summit. It’s cars. We don’t make enough cars. Or something like that. At least, that’s the rationale the…
Business leaders truly really can’t stand uncertainty. Again and again, they say that their top concern with running their business is uncertainty, be it economic or geopolitical. And it makes sense—businesses survive by planning for the future. The ones that…
President Donald Trump has spent his entire adult life railing against the excesses — and damage — that untrammeled “Free Trade” has done to the United States and the majority of Americans. In many ways, his surprise victory in the 2016 presidential…
President Trump’s decision to help Chinese telecom giant ZTE “get back into business” sent people on both sides of the aisle to their copies of “The Art of the Deal” to find the chapter on removing the trade death penalty…
In 1985, Ronald Reagan “jawboned” the Japanese into accepting “voluntary” restraints on exports of Japanese cars to the United States. At the same time, he drew a line in the sand between himself and U.S. congressmen calling for much stronger…
When commenting on Gary Cohn’s resignation as his chief economic advisor, President Trump said that Cohn was a great guy, but a “globalist.” So what is a “globalist”? Among Trump and many of his supporters, it seems to be disparaging…