Trade

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    Supply and demand for labor

    Economists Katharine Abraham and Melissa Kearney find that trade- and technology-induced reductions in the demand for labor are the primary reasons fewer young and prime-age adults were working in 2016 than in 1999. Higher minimum wages have made it more expensive to hire somebody. Disability insurance has made work…
    Joseph Coletti, July 11, 2018
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    Trump the free-trader?

    Joseph Calhoun argues at Real Clear Markets that the Trump administration has taken recent steps that suggest a shift away from the protectionist message that helped decide the 2016 election. Donald Trump’s views on trade until this reset, were of the nativist, mercantilist variety, views long ago discredited…
    Mitch Kokai, July 9, 2018
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    Barron’s offers a tariff history lesson

    David Breuhan writes at Barron’s that President Trump could learn lessons about tariffs from fellows named Smoot and Hawley. Stock markets don’t react well to tariffs, which lift costs, result in shortages, and hurt corporate profits. History suggests that the market won’t top its January record until the…
    Mitch Kokai, July 9, 2018
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    This weekend on Carolina Journal Radio

    Voters will have multiple chances to amend the N.C. Constitution this fall. Becki Gray analyzes proposed state constitutional amendments during the next edition of Carolina Journal Radio. Terry Stoops discusses a new state law that focuses on cutting down the number of tests in N.C. public schools.
    Mitch Kokai, July 6, 2018
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    National Review pans Trump trade bill

    Editors at National Review Online explain why they oppose the outlines of a proposed bill to give President Trump more power over trade policy. As of now, the U.S. Fair and Reciprocal Trade Act is purely imaginary. But we know from a leaked draft that the bill —…
    Mitch Kokai, July 5, 2018
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    Pushback against Trump tariffs

    Burgess Everett reports in Politico that Republicans on Capitol Hill are speaking out against the president’s tariffs. Republican senators are at their breaking point with Donald Trump’s protectionist trade blitz. Not a party meeting goes by these days where multiple Republicans don’t vent that the president isn’t listening…
    Mitch Kokai, July 4, 2018
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    Trump, Harley, and American trade tiffs

    Kevin Williamson of National Review Online sides with Harley-Davidson in its confrontation with the Trump administration over plans to build more Harleys overseas. Harley-Davidson, like the Pilgrims, finds itself at odds with the authorities. In this case, it is the Trump administration, which is displeased with the Motor…
    Mitch Kokai, July 3, 2018
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    U.S. trade policies far from free

    Andrew Kerr of the Daily Caller highlights an interesting report about U.S. trade restrictions. The United States is slightly more restrictive overall in trade than Canada and the European Union, according to data compiled by the White House Council of Economic Advisers and obtained by The Daily Caller…
    Mitch Kokai, June 28, 2018