Mar 7, 2018
Last week, President Trump announced his intention to place tariffs on steel and aluminum. Unfortunately for the president—and everyone else, should these tariffs be imposed—more than a century of economic data make it very clear that tariffs are a net negative for the economy. But what are tariffs, anyway? Why are they so awful? And, if they are, why does any country impose them? Join Antony Davies and James Harrigan as they talk about this and more on this week's episode of Words and Numbers.
Quick Hits
United replaces bonuses with lotteries
China bans things
https://www.cnn.com/2018/03/01/asia/china-letter-ban-trnd/index.html
https://www.thesun.co.uk/news/5701287/china-xi-jinping-president-winnie-the-pooh-banned/
http://www.latimes.com/world/asia/la-fg-china-reincarnation-law-20160307-story.html
Foolishness of the Week
http://www.baltimoresun.com/news/maryland/politics/bs-md-ci-children-soda-bill-20180213-story.html
Topic of the Week: Trade and Tariffs
http://marginalrevolution.com/marginalrevolution/2018/03/that-was-then-this-is-now-13.html
http://money.cnn.com/2017/01/23/news/economy/trump-tariff-power/index.html
http://www.walkerd.people.cofc.edu/Readings/Trade/iowacarcrop.pdf
http://www.presidency.ucsb.edu/ws/index.php?pid=61826
https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_the_United_States
https://japantoday.com/category/business/toyota-us-tariffs-will-'substantially'-increase-car-prices
http://marginalrevolution.com/marginalrevolution/2018/03/that-was-then-this-is-now-13.html