Economists Are Becoming Worried About International Trade

Economists Are Becoming Worried About International Trade
Economists Are Becoming Worried About International Trade
Economists Are Becoming Worried About International Trade The New York Times

Most agree that the net impact of free trade is beneficial. Yet the Trump administration’s imposition of tariffs suggests that this truth isn’t obvious to everyone.

In Why Economists Are Worried About International Trade by N. Gregory Mankiw on the New York Times  website, he explains that:

When President Trump imposed tariffs on imported solar panels and washing machines, I was reminded of a line from George Orwell: “We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men.”

While Orwell’s comment was focused on military and political issues of the late 1930s, my subject is economics, and to most people in my field, the benefits of an unfettered system of world trade are obvious. Any good student of Econ 101 can explain the logic.

What are your views on international trade? Are you in favor of open trade or more of a protectionist? 

 

 

Read the source article at The New York Times

 


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