An Examination of Trade, Tariffs in Age of Donald Trump

Over at LibertyNation.com, I have published multiple articles relating to tariffs and free trade since President Donald Trump entered the Oval Office.

It is truly remarkable how the principles of free trade need to be reiterated again and again. Eighteenth century trade practices are still being embraced today, even though they have been proven to be failures.

Here are my articles examining trade and tariffs in the age of Trump:

Trump Tariffs and the Oil Boom

Steel Talk: Did Productivity Kill Steel Jobs?

Finding the Balance on Trump’s Tariffs

Tariffs Push Cohen Overboard

Trade Wars Always Claim American Victims

Trump’s Tariffs: Point-Counter Point

Trump Warms up to Protectionist Tariffs

Heavily Subsidized Boeing Whines About Bombardier’s Government Aid

Harsh Duties on Chinese Aluminum Foil by U.S. Hurts American Poor

Was Trump’s Canadian Tariff Actually a Bad Idea?

Steel Talk: I Speak with Tim Donner on Trump Tariffs

President Donald Trump’s new tariffs on steel and aluminum have generated a lot of analysis and discourse (SEE: Trade Wars Always Claim American Victims). The two opposing arguments can be condensed to this:

  • Pro: The 25% tax on steel and 10% levy on aluminum will save American jobs.
  • Con: The new tariffs will destroy American jobs.

This was essentially the discussion I recently had with Tim Donner, Washington Political Correspondent at Liberty Nation, as part of a feature called Point-Counter Point.

Here is an opening excerpt from Mr. Donner:

We must have free trade!  That is the plaintiff wail of many or most conservatives and libertarians aghast at the tariffs on steel and aluminum announced in recent days by President Trump.  Among them is my colleague Andrew Moran, who took to LN to excoriate the President on this move.  Allow me to respond to his lamentations.

To many or most free-market types, you are automatically a protectionist and not a “free trader” if you favor any tariffs on any industries at any time (or oppose NAFTA).  It’s almost like the Pavlov’s Dogs-style response of leftists who cry racism any time you criticize someone who happens to be black.

Mr. Moran rightly states that “The U.S. imports four times as much steel as it exports from more than 100 countries.”  This leads to a basic question: do you want an American steel industry at all?  Or are you fine with the US relying almost strictly on imported steel?  Because those are essentially the long-term stakes in play, and the reason – along with, of course, national security – that Trump made the decision to slap tariffs on imported steel.  Fact is, there’s a global steel glut, so we can decide to just allow excess supplies to flood the US market, or take action that allows our shrinking steel industry to survive and ultimately thrive to the greatest extent possible.

You can read my response here.

Think Liberty Ep. 5 – Federal Reserve Inflation Bomb & More

I have neglected my YouTube series “Think Liberty.” Because of my hefty workload, and my wife and I preparing to have twins, I haven’t been able to concentrate on the channel as much as I would like to.

The goal is to start producing weekly episodes, even if it is just audio, which is a lot easier to produce, edit, and upload.

Here is the fifth episode: “Think Liberty Ep. 5 – Federal Reserve Inflation Bomb & More.”

(Yes, I have an annoying voice. There isn’t a need to tell me!)

Reminder: The Tyrannical Regime of North Korea

Since the launch of the 2018 Winter Olympics, the U.S. media has been praising North Korea and its leadership. It has been rather frightening to think that western journalists believe the dictatorship is peachy and neat. But that’s the state of journalism today: if you hate President Donald Trump, then you must love his enemies.

This is reminiscent of the U.S. media’s reportage pertaining to Stalin’s Russia, Mao’s China, and Chavez’s Venezuela.

I certainly don’t want the U.S. to go to war with North Korea, and I think the way Washington is handling the Pyongyang file is befuddling. I mostly agree with Representative Tulsi Gabbard (D-HI) on the issue.

That said, I would never write these headlines:

“The ‘Ivanka Trump of North Korea’ captivates people in the South at the Olympics.”

“Kim Jong-un’s sister is stealing the show at the Winter Olympics.”

“North Korea judged winner of diplomatic gold at Olympics.”

“Head held high, Kim’s sister returns to North Korea” (which head?)

It should be noted that I did allude to Kim Jong-un’s sudden shift to a free enterprise system in certain industries, which has been an improvement from his father, and better for the North Korean people. But much of the population is still starving, suffering, and sullen thanks to the communist dictatorship.

In fact, the purpose of this blog post is to remind the media what Pyongyang has done to its people.

Here are a few pieces I have done over the years:

North Korean defectors speak at human rights conference

North Korea’s Human Rights Situation: Visions of Korea’s future

Canadian-Korean organization talks state of affairs in N. Korea

International officials discuss North Korean human rights

North Korea’s future, people in the hands of Kim Jong Un

(HanVoice has done an incredible job over the years shedding a light on the tragedy occurring in North Korea.)