Sunday, February 14, 2016

Trump’s Tariffs Would Make the U.S. a Renegade in the World Community

In the Saturday night debate, Republican candidate Donald Trump again threatened a 35 percent tariff on goods produced in Mexico by an American company that has relocated to Mexico. No opposing candidate pointed out that such a retaliatory tariff would violate the rules of the World Trade Organization (WTO) of which the United States is a member in good standing. (It would also be in violation of the NAFTA agreement).

WTO is the international organization that sets the rules of the game in international trade that its members have agreed to follow. It has worked to reduce trade barriers among countries and has contributed to the rise of international trade across the globe.

For years, the United States opposed admitting Russia into the WTO because of its indifference to the rule of law. The United States earlier lobbied for China’s admission on the grounds that membership would make it a stable party of the world economic community.

If a President Trump carried through on his threats to impose confiscatory tariffs (the average WTO tariff rate is below five percent), the United States would be in clear violation of WTO rules and would be subject to penalties. If a Trump administration ignored the WTO penalties, it would become a renegade member, no better than Putin’s Russia.


Retaliatory tariffs carry with them a strong populist message, but they are anathema to free trade and globalization. It is a shame they hold such appeal. Economists, who rarely agree on anything, are united in their support for free trade and globalization. Although populists claim the contrary, trade expansion is a clear net win-win – the gains of the winners exceeds the losses of the losers. The problem is that those who lose are more vocal and visible than those who gain. We require a chief executive with a broad perspective, something that candidate Trump lacks.

3 comments:

  1. God what a Gift from Dr happy, my name is Vicky Robinson . since 2 months I have witness what is called heart broken. my boyfriend that promised me marriage failed me and impregnate me and leave,he dump me,he stop calling" he stop picking my calls,and he no longer respond to me. I have be looking for solution,I fall into the hands of fake spell caster,they rough me off and took my money without help.I have cried,I have weep"and tears runs out of eyes. The silentness in my heart brought me to the deepest path of failure that I lost my job. Crying all day,because of my life was lonely. So thanks to happy that came into my life and brought me the greatest joy that was lost. I saw his mail while browsing and I contact and tell him what I am passing through with no doubt because what saw about him,was enough to believe. And I was given words of solution on what to do. I can't really help thinking about it I have tried to see what I can do, I manage to provide him some materials and he help me with the rest,after casting the spell, 2days after he came with rose on his hand and I was even about going out,i saw him in front of my door when he sees me he knee and said he is dying I should forgive him and accept him back he was crying,I can't wait to let him finish I quickly crab him and kiss him, just then" he said he is restless without me, just as the Dr has said he will be. He brought out a ring and put it on my hand. Our wedding day was scheduled,2week after we got married. today makes it 1 month and we are living happily I don't know how to praise him enough, he has done me a thing I can never forget. And I can't really share to myself alone, I want y'all to help me praise him because if it is wasn't for him I already plan of committing suicide. But right now I am now so happy more than I was before. And you out there crying for help you've already got one, Dr happy is the man that you need in all rampart. contact his address if you need his service, happylovespell2@gmail.com

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  3. Hello Every One Out Here
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