Topic

Free Trade

51 articles 2010–2018

Whirlpool Goes to Washington

Tony Mecia · February 9, 2018

You are going to pay more for your next washing machine. To understand why, let’s look at what happened at Whirlpool’s headquarters in Benton Harbor, Mich., in 2011. The company was feeling pressure from foreign competition. Its stock price had fallen by half. It had announced plans to slash 5,000…

Didn't Republicans Use to Believe in Free Trade?

Colin Grabow · January 9, 2018

While U.S. politics have witnessed any number of distressing trends in recent years, one of the more disturbing is the decline in support among Republicans for free trade. The rise of Donald Trump, who regularly blamed American economic ills on China and trade deals such as the North American Free…

There Is Nothing 'Free' About Our Trade With China

Irwin M. Stelzer · November 13, 2017

When President Trump talks tough on trade to one or several of our “partners,” he is being rude and wrecking the world trading system—in the words of the New York Times, adopting a “starkly unilateralist approach.” Yet when he politely raises America’s problems with that system in private, praises…

Is Trump Really Going to Protect American Trade?

Irwin M. Stelzer · September 30, 2017

It’s put-up or shut-your-tweet time for the president. He has been promising to Make America Great Again by replacing free trade with protectionism, and now has enough opportunities to do just that in cases involving aircraft, dishwashers, solar panels, steel and cars from Korea and, of course,…

Tigers at Bay

John Psaropoulos · May 31, 2017

There is little doubt among economic forecasters that over the medium term, Asia's emerging economies—China and India foremost among them—are expected to drive global economic growth. Taken as one, the region from India to Japan is not only the biggest market for raw materials, energy, and the…

Tigers at Bay

John Psaropoulos · May 26, 2017

There is little doubt among economic forecasters that over the medium term, Asia's emerging economies—China and India foremost among them—are expected to drive global economic growth. Taken as one, the region from India to Japan is not only the biggest market for raw materials, energy, and the…

Retaliation Nation

Irwin M. Stelzer · May 19, 2017

There is something dispiriting about the debate over trade policy, and the problem does not lie with Donald Trump, or his tweets, or his on-again, off-again threats to various trading partners, or his fickle choice of partners to head the negotiating queue: EU to the front, Brexiting Britain to the…

Chilly Trade Winds

John McCormack · January 30, 2017

Shortly after noon on January 20, America's newly installed president issued a declaration of war against global free trade. "We must protect our borders from the ravages of other countries making our products, stealing our companies, and destroying our jobs. Protection will lead to great…

Chilly Trade Winds

John McCormack · January 27, 2017

Shortly after noon on January 20, America's newly installed president issued a declaration of war against global free trade. "We must protect our borders from the ravages of other countries making our products, stealing our companies, and destroying our jobs. Protection will lead to great…

Trump and Trade

Irwin M. Stelzer · December 9, 2016

Protectionism, I once said to Irving Kristol, is a bad idea. It benefits producers, but it harms consumers. “Where," he asked, "is it written that the welfare of consumers takes precedence over that of producers?" Reflection required, not a new experience after an encounter with Irving. And in this…

A Better Version of 'Fair Trade'

Charles Wolf Jr. · November 9, 2016

Despite innumerable and sharp disagreements between them, Hillary Clinton and Donald Trump have surprisingly congruent positions on free trade, both suggesting it has adversely affected jobs and wages in the United States.

If Not Free Trade, Then What?

Charles Wolf Jr. · November 4, 2016

Despite innumerable and sharp disagreements between them, Hillary Clinton and Donald Trump have surprisingly congruent positions on free trade, both suggesting it has adversely affected jobs and wages in the United States.

Why the Trump Effect Didn't Disrupt Congressional GOP Primaries

Fred Bauer · September 18, 2016

Why hasn't there been more disruption in Congress? Looking at the highly disruptive presidential primary campaign, some analysts are scratching their heads and asking that very question. In primary election after primary election, Republican congressional incumbents—such as Paul Ryan, John McCain,…

German Voters Sending a Warning to Europe About Trade

Christopher Caldwell · September 2, 2016

A surprising German poll showed Angela Merkel's Christian Democrats (CDU) tied for second place with the anti-immigration Alternative for Germany (AfD) just before this weekend's regional elections in Mecklenburg-Western Pomerania. The incumbent Social Democrats are at 28 percent, the CDU and the…

Will Trump Turn on Raisin Bran?

Jim Swift · September 15, 2015

For anyone who has followed Donald Trump on the stump, undoubtedly they've heard The Donald spin a tale of what he would do as president if, say, Ford plans to build a new plant outside of the United States.

Republicans to the Rescue

Fred Barnes · July 6, 2015

"It was like an out-of-body experience,” Senate majority leader Mitch McConnell says. He was talking about his congratulatory phone call from President Obama after Trade Promotion Authority (TPA) passed the Senate last week. “It was kind of fun.” McConnell enjoyed hearing the president castigate…

The Currency of Commerce

Judy Shelton · June 15, 2015

Now that the Senate has approved legislation that would give President Barack Obama authority to complete a trade partnership agreement with Japan and 10 other Pacific nations later this year, the bill moves to the House for further debate. Its ultimate fate is in question, however—not only because…

Another Fight Obama Shirks

Irwin M. Stelzer · October 6, 2014

When it comes to military actions, President Obama likes to declare the end of wars, regardless of whether America’s opponents agree that is the case. When it comes to economic wars, he has no need to declare an end, no need for unilateral disarmament, because he never engages in the first place.…

Food Fight

Geoffrey Norman · August 11, 2014

There isn’t much left in life that is unregulated and without some degree of government supervision or protection. You get used to it, I suppose. And, anyway, you don’t have much choice. But you do need to pay attention because nothing is off limits.

Bankers Win, Workers Lose

Irwin M. Stelzer · December 14, 2013

Free traders are ecstatic. Negotiators at the 9th World Trade Organization ministerial conference in Bali cheered, hugged, and wept at what they see as the successful culmination of their recent round of talks. “A giant step for businesses large and small,” enthused the CEO of UPS. The…

Will America Embrace Protectionism?

Irwin M. Stelzer · February 4, 2012

Some fear America is about to go protectionist. Others fear it won’t. Where you stand on this issue depends on where you sit. Sit in the chair of the CEO of a major exporter, and you fear protectionism and the ever-rising spiral of retaliations. Sit in the chair of the president of a trade union,…

An Emerging Tiger in South America

Jaime Daremblum · October 31, 2011

On October 21, President Obama signed into law the U.S.-Colombia free trade agreement (FTA), thereby giving American exporters greater access to one of South America’s fastest growing markets. The long, tiring debate over the FTA—which began five years ago, when the agreement was first…

Romney on China's Currency Manipulation

Michael Warren · October 12, 2011

During Tuesday night’s debate in New Hampshire, moderator Karen Tumulty challenged Mitt Romney on his recent tough talk on China. Romney says China is a “currency manipulator” and argues that, by setting unfair prices and allowing the theft of American intellectual property, the Chinese government…

Obama's Dishonest Free-Trade Demogoguery

Mark Hemingway · September 6, 2011

For a while now, Obama's been mentioning in speeches that there are free-trade agreements that need to be ratified as away to create jobs and spur growth... while blaming Republicans for the hold up. Today, Mitch McConnell blasts Obama in the Washington Post for his blatant dishonesty on the issue:

On Colombia, Better Late Than Never

Patrick Christy · April 9, 2011

The Obama administration finally announced earlier this week an agreement on the Colombia Free Trade Agreement, paving the way for its ratification. The Colombia FTA is long overdue, and President Obama’s change of heart is a welcome step for America and Colombia alike. As the White House notes,…

Will Obama Follow Through on Colombia Free Trade Agreement?

John Noonan · February 11, 2011

It is, in a way, unsurprising that the president gave Bogota a brief nod during his State of the Union address. After all, In 2010 State of the Union address, the president claimed, “we will strengthen our trade relations in Asia and with key partners like South Korea and Panama and Colombia.” And,…

McCain Tweaks Obama on Foreign Policy

Daniel Halper · November 15, 2010

Former Republican presidential candidate John McCain had some sharp words about President Barack Obama’s policy toward Afghanistan earlier today at a conference in Washington. Presidents should not make decisions based on political calculations, McCain said, and that has been the problem with…

Obama Fails to Get a Deal with South Korea

Daniel Halper · November 12, 2010

The New York Times reported (then it didn't!) that Barack Obama suffered an "embarrassing" set back in South Korea: “For President Obama, the last-minute failure to seal a trade deal with South Korea that would expand American exports of automobiles and beef is an embarrassing setback that deprives…

The Elephant in Latin America

Jaime Daremblum · July 19, 2010

In recent years, Latin America’s trade with India, the world’s largest democracy, has grown much more slowly than its trade with China. However, the Latin Business Chronicle notes that “an increasing number of Indian companies are now looking at Latin America as the ‘next frontier.’” The quote…