Trade liberalization has had little effect on the use of antidumping tariffs - tariffs imposed on imports judged by a government to be unfairly priced. As more countries resort to such tariffs, questions arise about the merits of this form of trade protection, particularly when other remedies...

When U.S. steel corporations began declaring bankruptcy and laying off thousands of workers, tariffs on foreign steel seemed a reasonable way of preventing further damage to the industry. But why do most economists favor free trade?

News about foreign-made counterfeit products that range from pharmaceuticals to tennis shoes and about processes that have been copied without payment of royalties to patent holders has become commonplace. Many of these appropriations of intellectual property originate in developing countries,...

One of the most interesting debates in economics is about free trade and protectionism. The arguments in favor of both directions are described by the analysis of free trade case and protectionism case. These are based on the economists’ thoughts that, on a side, the state should not intervene...