One thing that we overlook in the dialogue around the trade war narrative that has become a partisan issue is that not all protection is bad. The problem is that if you look at justifications for some kind of protection none of them fit the stated cause of what Trump and his economic policymakers are trying to do. Economists writing on trade will note six categories of protectionism justifications. The first is that imposing duties on goods is a good way to make money for the state. Many less developed countries have more of their economic activity happen in the…...
Not All Protection is Bad
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