Acton Institute Powerblog Archives

Post Tagged 'tariffs'

April 07, 2025

There Is No ‘Just Tariff’

James Hartley provided a thought-provoking and insightful discussion of tariffs at a recent Acton Lecture Series event. Far be it from me to say he is completely off-base when it comes to tariffs. Continue Reading...
February 21, 2025

The Tattered History of Tariffs

Much like bell-bottom jeans, tariffs are making a comeback. President Trump imposed tariffs on about $380 billion in products in his first term. The Biden administration kept most of those tariffs, then expanded them for China-made goods, including computer chips, steel, and aluminum—and quadrupled tariffs, from 25% to 100%, on electric vehicles(EVs). Continue Reading...
October 23, 2020

Fact check: the second presidential debate of 2020

President Donald Trump and former Vice President Joe Biden faced off for their second and last  debate of the 2020 campaign season on Thursday night at Belmont University in Nashville. The candidates offered viewers a far more staid and substantive exchange than their first debate – a low bar, to be sure. Continue Reading...
June 04, 2018

6 facts about the brewing U.S.-EU trade war

Late last week, President Donald Trump announced he would impose steel and aluminum tariffs against U.S. allies across the transatlantic sphere. Here are the facts you need to know: President Trump applied a 25 percent tariff on steel and a 10 percent tariff on aluminum against the European Union, as well as NAFTA trade partners Canada and Mexico. Continue Reading...
July 13, 2016

Protectionism leads to turmoil, strife, and disorder

Proponents of protectionism often ground their support in a quasi-nationalism; trade should be restricted for the benefit of the nation. Economically, the argument holds little weight. The benefits of more trade, like more and cheaper goods, outweigh the costs, like some temporary unemployment that results from the closing of a factory that couldn’t compete with foreign companies. Continue Reading...