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Why “Trade Deals” Are Even Worse Than Tariffs
10-19-2019, 06:09 PM,
#1
Why “Trade Deals” Are Even Worse Than Tariffs
Why “Trade Deals” Are Even Worse Than Tariffs

Conventional wisdom holds that treaties represent countries getting together peacefully to advance humanity’s goals, while tariffs represent dog-eats-dog negative-sum competition that can provoke wars. Yet treaties, being complex and negotiated in secret, are mostly the work of rent-seeking bureaucrats, whereas the competition of tariffs provides international relations with valuable grit, preventing countries from conspiring together […]


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