Columbia University economist Jeffrey Sachs notes:
https://www.cnn.com/2018/03/02/opinions/trump-tariff-move-shows-his-ignorance-sachs/index.html
“Trump thinks that America runs trade deficits with countries like China and Germany because the US is being swindled by them. The real reason is that the US saves too little and consumes too much, and it pays for this bad habit by borrowing from the rest of the world. The Trump theory of international trade is like a man in deep debt who blames his creditors for his spendthrift behavior.”
How the U.S. Squandered Its Steel Superiority
“Trump thinks that America runs trade deficits with countries like China and Germany because the US is being swindled by them. The real reason is that the US saves too little and consumes too much, and it pays for this bad habit by borrowing from the rest of the world. The Trump theory of international trade is like a man in deep debt who blames his creditors for his spendthrift behavior.”
How the U.S. Squandered Its Steel Superiority
Trump's Tariffs
Look Like a Self-Inflicted Wound
Steel and Aluminum Jobs Don't Add Up to Much
US Manufacturing –
Still Going Strong
Tariffs imposed on Solar Panels & Washing
Machine by the US Government will prove to be a costly mistake:
http://www.washingtonexaminer.com/a-dangerous-precedent-on-trade-brought-to-you-by-solar-panel-tariffs/article/2646758
Megan McArdle on Tariffs on Solar Panels and Washing Machines
http://www.washingtonexaminer.com/a-dangerous-precedent-on-trade-brought-to-you-by-solar-panel-tariffs/article/2646758
Megan McArdle on Tariffs on Solar Panels and Washing Machines
“Raising the cost of solar panels will have an adverse
impact on the jobs of solar panel installers, and mean more power generated
from dirtier, limited resources. These tariffs are economically distortionary
and bad for Americans, and they should be lifted.
But the impact on American consumers of higher washing
machine prices is immensely greater than the impact of higher solar panel
prices.”
The Idiocy of Trade Tariffs
Why Free Trade Matters by Harvard
economist Greg Mankiw
https://www.nytimes.com/2018/02/16/business/trump-economists-trade-tariffs.html
https://www.nytimes.com/2018/02/16/business/trump-economists-trade-tariffs.html
Smoot-Hawley Tariff Act of 1930 –
History Lesson