A Trade War Lesson for Carbon Taxes
Oren Cass, E21
Last month, President Trump announced that his administration was placing a 10 percent tariff on $200 billion of Chinese imports. Defending that decision, U.S. Secretary of Commerce Wilbur Ross argued that, “Because it’s spread over thousands and thousands of products, nobody’s going to actually notice it at the end of the day.
The problem with this thinking, as National Review’s Ramesh Ponnuru highlighted succinctly, was its implication that “tariffs on China are at once big enough to force it to make changes and too small to affect American consumers.” Read more here....