The Trouble with Trump’s Maritime Action Plan
Two of the plan’s proposals, when taken together, show the Trump administration’s hostility to free trade, as well as a general naïveté.
Two of the plan’s proposals, when taken together, show the Trump administration’s hostility to free trade, as well as a general naïveté.
Instead of promoting the maritime industry, government interventions cripple it.
High tariffs on the two nations will drive a wedge between America and its strongest allies in the Indo-Pacific region.
Allowing American companies to use foreign-built ships for cabotage would lower shipping costs and encourage trade.
If Trump did not impose these tariffs to support rent-seeking firms, then why did he do it?
The housing affordability crisis has not been slowly developing over the past 75 years, but rather quickly became a burden at the turn of the millennium.