Tag:tariffs

  • Trade is always and everywhere reciprocal

    There is a puzzling expression regularly being used by members of the Trump administration that, they argue, describes a major goal of their protectionist trade policies: “reciprocal trade.” The expression is troubling because, as an economist, I understand that all trade, by definition, is reciprocal. It is best to think of…

  • N.C. manufacturers brace for impact of tariffs

    The latest shots in the trade war will hit North Carolina manufacturers hard. North Carolina exports $32.6 billion in goods, supporting more than 150,000 jobs, and $1.1 billion of state exports are under fire in the trade disputes, a U.S.

  • N.C. farmers about to feel the crunch of retaliatory tariffs

    As the trade dispute with China picks up, bigger farms in North Carolina are scrambling to cope with a shrinking market of customers. U.S. agriculture relies heavily on exporting its products overseas, where China is the world’s fastest-growing market and foreign consumers help keep farms in…

  • Folwell watching to be sure trade jitters don’t harm pensions

    Volatility in financial markets related to President Trump’s imposition of steel and aluminum tariffs has N.C. Treasurer Dale Folwell’s attention. Folwell says his department is monitoring the markets to see if the turmoil affects state investments. At this point, he can’t say whether the tariffs, and…

  • Five losers and one winner from protectionism

    Typically, “saving American jobs” is the reason given for implementing protectionist trade measures, i.e., tariffs and quotas. The argument goes something like this: Foreign producers of a product are offering American consumers a more attractive price or better-quality product than they can get from American producers of the same…

  • Free Trade Gains for NC

    So-called conservatives have a very odd very of the nature and scope of government if they think it is OK to use guns to prevent me from buying Mexican-made socks or Malaysian-made toys for my son.