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. In the first quarter of 2002, President Bush imposed tariffs of up to 30 percent on foreign steel producers in many …
Persistent link: https://www.econbiz.de/10012980620
Media pundits and some politicians would have us believe that industrial production has been declining in the United States. Some would even say that “we don't make things anymore.” However, the statistics show a different picture. This paper examines the trade statistics for the United...
Persistent link: https://www.econbiz.de/10012963810
Antidumping laws have existed in some form since the early twentieth century. Ostensibly aimed at protecting domestic producers from unfair trade practices, they have sometimes been used as weapons of protectionism even when dumping has not occurred. When this happens, some special interest...
Persistent link: https://www.econbiz.de/10014221183
This paper begins with a discussion of antidumping laws in general and how they have been applied by U.S. domestic producers to target Russian and Ukrainian companies. The use and abuse of antidumping laws by the steel industry in the United States is then discussed, followed by discussions and...
Persistent link: https://www.econbiz.de/10014070405
taken on such a degree of importance. As World Trade Organization rules reduce the importance of tariffs and quotas …
Persistent link: https://www.econbiz.de/10014029826
This paper begins with a discussion of what constitutes corporate welfare, then proceeds to apply the corporate welfare concept to the steel industry in the United States. A review is made of the various government supports that the steel industry has enjoyed since 1969. Studies have estimated...
Persistent link: https://www.econbiz.de/10014084457
administering a plethora of new trade rules. The main thrust of the new rules is to reduce or abolish tariffs and quotas on a wide … range of products. Some tariffs and quotas were abolished immediately, but others will not be abolished, or even reduced … continue to face relatively unfavorable tariffs and quotas for many years to come, partly because of the successful efforts of …
Persistent link: https://www.econbiz.de/10005408063
This paper addresses the issue of whether Donald Trump should impose a 35% tariff on the importation of certain goods from China and Mexico, and presumably other countries. Applying utilitarian ethics leads to the conclusion that the tariff should not be imposed. The same result is obtained by...
Persistent link: https://www.econbiz.de/10012977910
Persistent link: https://www.econbiz.de/10001719157
Frederic Bastiat (1801-1850) was an economist and journalist. A member of the French Liberal School, he is best known for his free trade ideas and his philosophy of law. Mark Blaug ranks him as one of the 100 greatest economists before Keynes. Schumpeter called him a brilliant economic...
Persistent link: https://www.econbiz.de/10013054134