Why is free trade important? “Trade is a person who can struggle and live in a lewd life without meaningful human costs, that is, batch and unemployed workers, some of which can help them support themselves.” I wrote In 2016, economist RUSS ROBERTS said, “What is this? One thing is clear. There’s no expensive clothes, toys and gadgets, but it’s a pretty bad deal if it’s the end of the story.”
The economic revolution raised in new technologies and trade expansion (or both) has much more benefits than most people see. The decline of Rust Belt, claimed by JD Vance vice president, must be revitalized due to the transition of manufacturing employment. “What is not enough for manufacturing workers has not found a good alternative, but Roberts says,” We argue that we don’t know how easy it is to find a new job or how difficult it is. What I know is that the increase in trade or manufacturing technology with China was good for the United States, which is not about lost jobs and cheap toys. What we should remember is that if you write less on toys (and clothes and cars, smartphones), it will provide a lot of opportunities elsewhere. That’s why trade, innovation and growth are important. This has made the US labor expanded 12 million jobs since 2000, even in the 2008 terrible economic downturn. “
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Roberts in the early days of this work, “trade and innovation are actually the same.” They are more than at least at a smaller level. How to increase productivity. Not everyone can benefit from the overall way of raising the standard of living. But if we find a way we can get less time, this means more resources to expand opportunities elsewhere in the economy. The expansion is not visible. ” all It is worth reading.)
The Trump administration was able to read some Russ Roberts (or some Eric Bohr, our resident trade guy).
What happened after yesterday’s crazy tariffs is as follows. The news said that “mutual” tariffs are not mutually mutually, and the administration said that when we filed a case of tariffs we are currently imposed, we laid on the tariffs imposed on US companies. Stocks plummeted worldwide. Recession We have updated their predictionsIt’s not a good way. And while we are sleeping, China retributionPresident Donald Trump has imposed 34 %of tariffs on all US products that will be effective from April 10, which will be the most recent tariff.
China also took a variety of aggressive actions and signed a signal that the trade relationship was deeply gone, including limiting exports of seven types of rare earth metals. It stops imports of poultry products from two major producers in the United States. Our 11 defense companies “Unbelievable entity list“Because of cooperation with Taiwan (independence is the Trump administration Mentioned by chanceBy listing tariffs separately); Stop income from US companies; And more. Basically, China went to a slightly annoying district.
“I think it’s going well.” Sayed Trump evaluated the fall in the tariffs before submitting it to a golf tournament yesterday. “The market will be booming, stocks boom, and the state will boom,” he added. “Others in the world want to see if there is a way to trade.”
If that’s his game plan, OK: Ideas can take other countries to the negotiation table to eliminate the tariffs they impose. But this doesn’t seem to happen. He believes that he is compulsive, weak or undesirable for the trade deficit, and he wants to activate American manufacturing, not to realize or take care of Americans in short -term budgets and long -term innovation, and to activate US manufacturing to prevent us from his choice to prevent us in other worlds.
For more information on this, look at this episode. To Just ask a question For the tariff that starts about 1 hour:
https://www.youtube.com/watch?v=Iepw5_j59bg
New York scene: Clown/Mayor Eric Adams ran for reelection. As an independent person, not a Democratic Party.
Faster
- “The European Commission plans to suggest proposals to reduce general data protection regulations or GDPR in the next few weeks.” report politics. “Slash regulation is a key focus on the chairman of the Ursula Von Der Leyen Committee as part of an attempt to compete with competitors in the US, China and other regions.” Finally they learn! Bless the euro.
- “President Donald Trump is close to unveiling a plan to prevent the US -owned social media app Tiktok in the US ban, and many investors have been involved in discussions about transactions.” report Bloomberg. The contract includes Andreessen Horowitz, an Oracle, Blackstone and venture capital firm, but the details have not been disclosed yet.
- Matt Taibbi was called “serial sexual harassment” by a member of the council that he was a witness at a parliamentary hearing. So yesterday, he filed a $ 10 million lawsuit against the member, assuming that it was assumed to false sexual harassment and amplify her claim to social media accounts. sugar National review. “This statement is obviously false and realized. Because of their knowledge of their false or reckless ignorance of their truth,” suit.
- Journalist Daniel Dimatino It is explained in 3 minutes Why tariff makes you poor.
- yes:
Trump was able to follow the Milei road, but he decided to be Juan Peron. https://t.co/id3fxrfj9F
-Zach Weissmueller (@theabridgedzach) April 3, 2025
Not all stocks are decreasing today. And yes, I get it. pic.twitter.com/bgc9vzkjnb
Joe Weisenthal (@thestalwart) April 3, 2025
