04/19/2017

When Trump Gives You Protectionism … Canada Blocks Your Milk Exports

Logan Albright, Conservative Review

President Trump has not been shy about expressing his attitude toward foreign trade. Throughout the campaign, as well as after assuming office, he has repeatedly argued that it is better to buy American goods rather than imported ones, and has criticized the North American Free Trade Agreement as a bad deal for Americans. In light of this, it is hard not to feel a sense of irony at the latest news from the dairy sector.

new policy from Canada allows the country to block imported dairy products from America, particularly milk that has been heavily filtered. Unsurprisingly, American dairy farmers are crying foul, claiming that the policy violates NAFTA, gives Canada an unfair advantage on the world market, and will cost approximately 10,000 American jobs. They are asking President Trump to intervene on their behalf.

If Trump has no regard for NAFTA, why should Canada? If buying Canadian imports is bad for America, why is buying American imports any better for Canada?

Not to sound callous, but I have to ask: What did they expect?

When the policy set forth by the president of the United States is one that demonizes trade with other countries, derides our trade agreements as worthless, and conceives of global economics as a zero-sum competition with winners and losers, can you really be surprised when other countries react in the same way? If Trump has no regard for NAFTA, why should Canada? If buying Canadian imports is bad for America, why is buying American imports any better for Canada?

This is one of the reasons why protectionism is so dangerous. It not only harms the domestic economy, but it sends a signal to every other country that it’s “us or them” — and if they want to keep up, they had better be at least as aggressive as we are. This is how trade wars start. And if it’s allowed to get out of hand, pretty soon nobody is trading with anybody, with each country becoming its own isolationist island.

Read full article



You May Also Like:

The Alleged Kushner–Kislyak Meeting: Amateur Hour May Be Worse Than ‘Collusion’ Andrew C. McCathy, National Review

The Ivanka Entitlement Wall Street Journal

The Willful Murder Of Fox News [Watch] Dick Morris Reports

JFK's Surpassing Legacy: Economic Growth Brian Domitrovic, Forbes.com

Left-Wing Media Outlet Attacks Marines On Memorial Day Over ‘Toxic Masculinity’ Charlie Nash, Breitbart News

State High-Risk Pools For Health Insurance Could Play An Important Role After Obamacare Repeal Matthew Glans, Heartland Institute

Political Prisoner Freed Thanks To Trump Is Hoping He’ll Save Others Jackson Diehl, New York Post

Europe Fights Back With Candles And Teddy Bears Giulio Meotti, Gatestone Institute

Meet The Native American Indian Tribe That Helped Deliver Victory To Donald Trump [Watch] Daniel Allott, Washington Examiner

McCain Says Russia Poses Bigger Threat Than ISIS [Watch] Nick Givas, Daily Caller

In 3 Charts, The Biggest Revelations From New Obamacare Study Rachel del Guidice, Daily Signal

Liberals Teach Their Kids To Hate People Who Don't Think Like Them Joseph Curl, Daily Wire

Speaking With Health Care Policy Expert Avik Roy, Part III [Watch] Frank Camp, The Daily Wire

WSJ’s Strassel Destroys Stacked Anti-Trump Panel On ‘Meet The Press’ With Facts [Watch] Nicholas Fondacaro, mrcNewsBusters.org

Body-Slammed Reporter Fantasized About Punching Conservative Teenagers Ryan Girdusky, Red Alert Politics

Charity For The Homeless Refuses Federal Aid, Gets Hundreds Back On Their Feet [Watch] Kelsey Harkness, Foundation for Economic Education

I’m Not A Terrible Person, I Just Believe In Liberty Marianne March, Intellectual Takeout

Liberal Boycott Of Sean Hannity Backfires And Puts Multiple MSNBC Stars In Crosshairs Chris Enloe, TheBlaze

What About Health Insurance For The Poor? Learn Liberty

Liberals Are Shocked To Find We’re Starting To Hate Them Right Back Kurt Schlichter, Townhall

For More go to the Home Page >>>

Search

Bookshelf

FreeMarket Central

Some titles recent, all recommended -

Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference

In Search Of History

Cambodia's Deadly Experiment

In the 1950s, students started gathering in Paris. They were reading Karl Marx. They were forming book clubs. They were trying to come up with a better version of society. One that moved away from the division of labor. One that moved away from the capitalism in the big cities that they so despised. ... One of those students would change his name to Pol Pot. He and his colleagues formed a new political party, a takeover in Cambodia. They called themsevles the Khmer Rouge. ... Under Pol Pot and the Khmer Rouge, one out of four people in that country died in less than four years. 

-- Matt Kibbe,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.4%
    FreeMarket Central Shadow Stats: 22.1%
  • Inflation:
    FreeMarket Central April Year-to-Year: 2.20% (CPI-U*)
    FreeMarket Central Shadow Stats: 10.0%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]