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As each day follows “Liberation Day,” the Trump administration’s justifications for tariffs continue to fall. All that remains are economic fallacies and the continuing concentration of power in the executive.
Another week goes by, and rumors of new trade wars ebb and flow. Tariffs are a perfect example of economist Frédéric Bastiat’s concept of the “seen and unseen.” Protectionists tout tariffs as a way to protect American jobs, but they fail to see the subtle, slower effects of their policies that ultimately make Americans worse […]
First there was the first Trump trade war, which appeared to end before it began. Now, a dizzying Round Two has begun of the Trump tariff saga, and it isn’t clear what concessions will be made. But there is a common denominator: things change quickly under a Trump administration, with a rapid-fire news cycle and […]
With Trump’s latest batch of tariffs taking effect on March 4th, the American consumer is in for an economic beating. Just like any other tax, tariffs make us poorer.
President Trump says he wants to be “The Tariff President,” fully embracing a longstanding and powerful tool in the economic arsenals of nations.
On his first post-Thanksgiving podcast, Peter tackles another week of economic illiteracy, focusing mainly on a severe tariff proposal floated by President-elect Trump. He also spends time discussing the origins of Black Friday and comments on the motivations of the American electorate in electing Trump.
From all of us at SchiffGold, we hope you had a wonderful Thanksgiving with family and friends! During his holiday vacation last week, Peter offered his thoughts on the economic lessons to be learned from the first Thanksgiving holiday. He spends most of this episode discussing the misguided rhetoric surrounding tariffs and protectionist policies, explaining […]
As the nation prepares for Trump’s second term, protectionism and hostility to free-trade are getting a second wind.To preempt the economics behind these ideas, it’s worth revisiting the fact that the government cannot “level the playing field” or create free markets. The following article was originally published by the Mises Institute. The opinions expressed do […]
As President-elect Donald Trump prepares to return to the Oval Office, his proposed trade policies have reignited concerns about the economic impact of tariffs on American consumers. Trump has vowed to impose sweeping tariffs of up to 20% on all imports and a staggering 60% on Chinese goods. While he claims these measures will stimulate […]
Thanks in part to the Constitution, Americans are fortunate to live in one of the freest societies in history. As other economies, like Japan and China, continue to grow and challenge the dollar, we should be weary of protectionist narratives and remember that our government is not perfect when it comes to trade policy. The following article was originally published by the Mises […]
President Trump managed to put together a new NAFTA deal with Canada just before the deadline. In his latest podcast, Peter Schiff called the “NAFTA rebrand” a marketing fraud. When Donald Trump was a candidate, he said NAFTA was the worst trade agreement ever negotiated by anybody. Even as he was taking credit for the […]
