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Obstructions of Trade and Migration: Who Is Hurt?

The natural answer, the one most people would give, is that trade restrictions hurt foreigners who want to sell their goods and services to Americans. After all, politicians, including the two major-party candidates now seeking election to the presidency, tell us every day that they will demand various sorts of concessions from or impose various sorts of penalties on—that is, hurt—the foreigners, especially the Chinese exporters, who wish to bring their goods into the USA for sale. And surely it is the case that such hurt would be one result of the higher tariffs, import restrictions, currency revaluations, and other

Read more at The Independent Institute