I've frequently discussed the unseen victims of tariffs imposed on imports into the United States. Often these new taxes on US consumers are imposed in the name of "fair trade." This new Cato Institute video sums up the problems surrounding those tariffs in a great new video that's so clear and simple that even a Congressman can understand it. (Well, maybe....)
Cato's Dan Ikenson discusses the video and some of Cato's research on US trade remedies laws here. Yesterday, he warned us of a particularly egregious decision over wood flooring from China, and unfortunately, his fears were confirmed today. (Higher prices at Lowes and Home Depot are sure to follow. Whoopee.)
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