China's Xi renews pledges to open economy, cut tariffs this year as...
I disagree with Trump on trade. I like it when the Chinese citizens pay Americans to buy Chinese stuff by cutting the prices below the international wholesale cost. I think China is silly for doing this. The analogy is I think a store selling me things on sale as loss leaders is a good thing, Trump thinks those stores should be fined. Trump does not think it is a bad thing when a US company does the same thing, nor do I. My position is consistent, Trump's is not.
A Landsburg Blast from the Past on Trade - Cafe Hayek
This piece was from 2008, but nothing has changed except the names of the politicians.
More after the break.
Milton Friedman schools Donald Trump and others who suffer from 'upside-down' thinking on trade and protectionism - AEI
It's not just The Donald.
More after the break.
IMF slashes UK growth forecasts after Brexit - but Britain will still outstrip Germany, France and Italy
"UK GDP growth is now expected to slow to 1.3pc in 2017, some 0.9 percentage points below what had been pencilled in in the IMF's previous round of forecasts. With the exception of Nigeria, the UK’s 2017 growth forecast received the sharpest downgrade of any of the 16 economies assessed by the IMF.
More after the Break.
Blog: Queue forming as nations lining up to sign trade pacts with post-Brexit Britain
President of the Lolly Pop Guild only.
More below the fold.
Venezuela 'willing' to restore diplomatic ties with US
Sure! Cash on the barrelhead, US dollars. We should have a free import trade policy, imports are bring wealth, exports diminish wealth.
Germany, USA and Canada ALL say they want special trade deals with post-Brexit Britain
What's crazy was the desire of these countries to incorporate the dilettante Southern European nations into the EU. It seems this was driven by the mistaken belief that if they were allowed in with debt restrictions, they would respond to the low interest rates, play by the rules, become more German like, the prosperity of the citizens would rise becoming a natural new market for German manufacturers. Instead, they simply took the Germans loans, spent the money on German manufactured items, and now cannot pay the debt back.
If I Were President, On The Day After Vote for Brexit... | Coyote Blog
. . . but a better start would be to simple, and permanently eliminate all tariffs on any imports to the US.
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