April - 2018

Why Americans Are Confused About "Trade Wars"

In a jokey New York Times article, John Schwartz writes about starting a “trade war” against Whole Foods. He consults with two economists: “Trade deals are about setting the ground rules so other people can get what they want,” Mr. Goolsbee said. When you stop them all from getting what they want, he said, you’ve “got the game wrong.” I had to admit that the two economists had a point. I may feel that Whole Foods has, in fact, gotten “cute” by charging so much for wild-caught

The Strategy Of "Trade Wars"

The Strategy Of "Trade Wars"

There are reports of a “Trade War” between the U.S. and China. CNBC reports: Trade tensions, which have recently been in the spotlight, continued to simmer: The U.S. Trade Representative's office published its proposed list of around 1,300 Chinese imports that could be hit with tariffs. In response, China said via an embassy statement it opposed the additional tariffs proposed and that "it is only polite to reciprocate," Reuters reported. China's ambassador to the U.S. also

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