Sunday, May 27, 2018

Economists on Trump and Free Trade

One hundred economists sign a letter supporting president Trump's economic policy agenda.
We believe that reciprocal free trade with lower trade barriers on all sides produces higher overall economic growth and hope that the President's efforts to negotiate better trade deals, including willingness to re-enter the Trans Pacific Partnership (TPP), will bring about a stronger long-run free trade equilibrium by reducing trade barriers and opening markets that were previously closed to American businesses.
One thousand economists sign a letter to Trump and Congress in opposition to protectionism and tariffs.
Countries cannot permanently buy from us unless they are permitted to sell to us, and the more we restrict the importation of goods from them by means of ever higher tariffs the more we reduce the possibility of our exporting to them.
This was pointed out in Greg Mankiw's Blog