Will Prescott

3 weeks ago | thespectator.com | Ross Clark |John Carney |Dave Seminara |Will Prescott

What did Donald Trump tell us outside the White House? According to the President, tariffs will lead to a boom in the economy, bringing in almost $8 trillion of investment as overseas firms rush to establish factories in the US to feed the market without incurring tariffs. On that, he is likely to be disappointed.

3 weeks ago | thespectator.com | John Carney |Will Prescott |Alex Castellanos |Jonathan Miller

The classical defense of free trade, the one found in Econ 101 textbooks and Ricardo’s comparative advantage model, goes something like this: countries should specialize in what they can produce most efficiently, export the surplus and import the rest. Trade allows global output to increase, everyone gets richer, and any government interference – like tariffs or subsidies –just gums up the works. But that’s not the world we live in.

3 weeks ago | thespectator.com | John Carney |Will Prescott |Alex Castellanos |Jonathan Miller

The classical defense of free trade, the one found in Econ 101 textbooks and Ricardo’s comparative advantage model, goes something like this: countries should specialize in what they can produce most efficiently, export the surplus and import the rest. Trade allows global output to increase, everyone gets richer and any government interference – like tariffs or subsidies – just gums up the works. But that’s not the world we live in.

3 weeks ago | thespectator.com | Will Prescott |Alexander Larman |Alex Castellanos |Michael Evans

Donald Trump thinks “tariff” is the “most beautiful word in the dictionary.” Today is “Liberation Day,” and the US president is holding true to his campaign trail promise to impose tariffs on imports. Cars, steel, and aluminum are expected to be hit with levies of up to 25 percent. A 10 to 20 percent universal tariff on all goods imported into the United States is also said to be on the table. Trump isn’t the first to think tariffs are a secret weapon.