RE: The False premise that free trade is bad destroys the cred of this article.
What about this statement made in the article :
“Many other nations impose extremely high tariffs on U.S. goods and put up ridiculous barriers to American products and yet the United States has generally let everyone else openly manipulate currency rates and flood our shores with whatever cheap products they want.”
How can this be considered free trade if true?
In the 19th century England embarked on a regime of free trade, one-way free trade. Other countries can impose all the tariffs and restrictions they wish. Those chains on their access to free trade hurt them, not their trading partners.The country that hampers trade the least will be the most prosperous. “Fair” trade is not free trade. It is hampered trade and directs capital to inefficient directions.Imposing tariffs because another country imposes tariffs is like saying, “Well!I’ll show you!” and then shooting off one of your own toes.