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Originally posted by Spanky
In other words you can't cite one example where a country has imposed "retalitory" tariffs that have brought a net economic benefit to the country.
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Hah, I can cite a study by some economists (Rodrik and Rodriguez) that did statistical analysis to show that there isn't all that much evidence that free trade is positively correlated with economic growth:
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The authors emphasise that they do not believe that restrictions are necessarily good for growth, just that the converse has not been demonstrated. They closely examine the most prominent empirical studies on the benefits of free trade published in this decade. They argue that the persistent interest in this area reflects ‘the worry that the existing approaches haven’t gotten it ‘quite right’’.
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Quote from article:
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The tendency to greatly overstate the systematic evidence in favour of trade openness has had a substantial influence on policy around the world. Our concern is that the priority afforded to trade policy has generated expectations that are unlikely to be met.
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Buy the article
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Originally posted by Spanky
The last Democrat president we had, as far as I know, didn't raise any tariffs. He only reduced them. In fact, he kept renewing China's MFN status (eventhough, when running against the current president's father, he promised not to). What makes you think his wife will be any different? I believe she voted for CAFTA.
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She's not electible, but some of the pro-union democrats are.
