Clark Packard

2 months ago | cato.org | Clark Packard

If President Donald Trump wants to bolster American manufacturing, new tariffs are exactly the wrong way to go about it. February 3, 2025 • Commentary This article appeared in USA Today on February 3, 2025. Despite campaigning for two years on the benefits of lowering gas prices, revitalizing manufacturing and curbing migration, President Donald Trump on Saturday implemented a tariff policy that could make all of these policy aims worse.

2 months ago | usatoday.com | Clark Packard

Despite campaigning for two years on the benefits of lowering gas prices, revitalizing manufacturing and curbing migration, President Donald Trump on Saturday implemented a tariff policy that could make all of these policy aims worse. Ostensibly aimed at stemming the flow of fentanyl and illegal immigration, Trump imposed 25% tariffs on imports from Mexico and Canada and 10% tariffs on imports from China (America’s three largest trading partners).

Nov 30, 2024 | msnbc.com | Jeffrey Singer |Clark Packard

Earlier this week, President-elect Donald Trump announced he intends to punish all Americans because some Americans buy illicit drugs from traffickers, most of whom pay U.S. citizens to smuggle them through legal border crossings. Through increased tariffs, Trump wants to make Americans pay more for goods — including domestic manufacturing inputs — imported from Canada, China and Mexico (our three largest trading partners) until the U.S. wins the war on drugs.

Nov 26, 2024 | cato.org | Clark Packard

Generated with ElevenLabs AI technology. In anticipation of the Thanksgiving holiday this week, the Cato Institute published a new essay from Philip G. Hoxie entitled “Globalization Helps Feed the World.” Part of Cato’s ongoing Defending Globalization project, the essay documents how American farmers benefit from access to global export markets while trade exposure enhances the productivity of domestic farms and ranches.

Nov 14, 2024 | cato.org | Clark Packard

Earlier this week, the Cato Institute published Defending Globalization: Facts and Myths about the Global Economy and its Fundamental Humanity, a book I edited with Scott Lincicome. Over the past several years, globalization has faced renewed interest—and criticism—from politicians and pundits across the ideological spectrum. Containing 25 original essays from several writers, including Deirdre N. McCloskey, James Bacchus, Johan Norberg, Daniel W. Drezner, Jeb Hensarling, Marian L. Tupy, Tom G.