Guerra comercial

New Ammo in the Trade War: Farm Aid

Last week, President Trump announced his commitment to provide $12 billion in emergency aid to help American farmers cope with falling agricultural demand resulting from retaliatory tariffs enacted by the nation’s trade partners. The payments, which are scheduled to begin two months before the mid-term elections in November, illustrate the maxim that one bad policy usually begets another. In the case of trade restrictions, few advocates ever bother trying to identify and quantify all the costs of import tariffs and quotas, as Independent Institute Senior Fellow Robert Higgs notes in his latest post at The Beacon. READ MORE The Delusion of a Win-Win Trade War, by Robert Higgs (The Beacon, 7/26/18)