PIIE Responds to Secretary Ross’s “Dyed in the Wool Free Trader” Criticism

Trade and Investment Policy Watch Editor (PIIE)

March 16, 2018 10:30 AM

The Peterson Institute responds to Commerce Secretary Wilbur Ross's March 2 interview about steel and aluminum tariffs on CNN with Erin Burnett. The conversation on Twitter is reproduced below.

Comments

Paul Mathis

Professor Keynes said it best:

"a policy of trade restrictions is a treacherous instrument even for the attainment of its ostensible object, since private interest, administrative incompetence and the intrinsic difficulty of the task may divert it into producing results directly opposite to those intended."

The General Theory of Employment, Interest, and Money, p. 339.

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