Trade Wars Put Prosperity in the Cross Hairs

[This post first appeared in the June 12, 2018, issue of The Lighthouse, the weekly newsletter of the Independent Institute. To stay current with all of Independent’s work to boldly advance free societies, enter your email address here.] Near the end of last week’s G-7 Summit, President Trump, a long-time opponent of trade agreements who believes trade deficits are a sign of national victimhood, did the unexpected: He told his counterparts that the group should consider scrapping all import tariffs and export subsidies. His remark seems akin to when President Reagan proposed that the United States and the Soviet Union scrap

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