Discussions about trade often present a false dichotomy: if exports are good and then imports must be bad. This oversimplified view lends itself to policy prescriptions that encourage exporters and discourage importers, yet the real world is much more complicated. According to the Census Bureau’s 2013-2014 Profile of U.S. Importing and Export...
Continue readingToday is yet another big day in the 2016 presidential primaries as voters head to the polls in Connecticut, Delaware, Maryland, Pennsylvania, and Rhode Island. With all of the anti-trade rhetoric in the campaign, it is important to recognize how these states benefit from trade, and the Generalized System of Preferences (GSP) program in particular.....
Continue readingLike the jobs debate, many people assume that if exports are goods for US manufacturers, imports must be bad. When it comes to GSP, nothing could further from the truth. Raw materials, components, and parts have accounted for more than 70 percent of GSP imports since the program expired. Though industrial tariffs tend to be...
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