In this episode, we explore the background of free trade, the US-China trade war itself, and why tariffs are a bad idea.
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References:
- ‘Trumponomics: Inside the America First Plan to Revive Our Economy’, Stephen Moore and Arthur B. Laffer, 2018, All Points Books, United States.
- ‘Schism: China, America and the Fracturing of the Global Trading System’, Paul Blustein, 2019, Centre for International Governance Innovation, Canada.
- ‘An Inquiry into the Nature and Causes of the Wealth of Nations’, Adam Smith, Abridged with Commentary by Laurence Dickey, 1993, Hackett Publishing Company, Indianapolis/Cambridge.
- ‘On the Principles of Political Economy and Taxation’, David Ricardo, 1817, republished in 2001, Batoche Books, Kitchener.
- ‘Comparative Advantage’, Investopedia.
- ‘International Trade’, Britannica.
- ‘How Trump's Trade War Went From Method to Madness’, Bloomberg, YouTube.
- ‘A Quick Guide to the US-China Trade War’, BBC.
- ‘US-China trade war: 'We're all paying for this', Virginia Harrison, BBC.
- ‘China tariffs will still cost US $316 billion by end of 2020, even after trade deal’, Gina Heeb, Business Insider.
- ‘The US-China Trade War: A Timeline’, Dorcas Wong & Alexander Chipman Koty, China Briefing.
- ‘I, Pencil: My Family Tree as Told to Leonard E. Read’, Leonard Read, republished by Foundation for Economic Education.
- ‘Economists Actually Agree on This: The Wisdom of Free Trade’, N. Gregory Mankiw, New York Times.
- The World Trade Historical Database, Giovanni Federico & Antonio Tena-Junguito, VOXeu.org.
- ‘Shooting an Elephant’, The Economist, September 17, 2016.
- ‘Steve Lamar: Announced phase 1 trade deal gave retailers limited relief’, CNBC, YouTube.
- ‘The U.S. Trade Deficit Is Narrowing for Reasons That Aren’t All Good’, Shawn Donnan, Bloomberg.
- ‘Trade War From The Chinese Side’, Milton Ezrati, Forbes.
- ‘How China Really Sees the Trade War’, Andrew J. Nathan, Foreign Affairs.
- ‘The U.S. Trade War Has Caught Beijing’s Attention. Now Washington Needs a Longer-Term Plan.’, Tim Roemer, Foreign Policy.
- ‘David Autor on Trade, China, and U.S. Labor Markets’, Econ Talk Podcast.
- ‘Donald Trump accuses China of trade 'rape'’, The Telegraph, YouTube.
- ‘Donald Trump FULL Speech | Toledo, Ohio Rally (10/27/2016)’, ABC News, YouTube.
- ‘Trump vs Friedman - Trade Policy Debate’, LibertyPen, YouTube.
- ‘Milton Friedman - Congressional House Economic Task Force (1993)’, BasicEconomics, YouTube.
- ‘Krugman Says U.S. Not Taken Advantage of in Trade Deals’, Bloomberg Politics, YouTube.
- ‘Don Boudreaux - Why Free Trade is ALWAYS Best Policy’, LibertyPen, YouTube.
- ‘Trade wars are easy to start, very hard to stop: Economist Thomas Sowell’, Fox Business, YouTube.
- ‘Milton Friedman - Free Trade’, BasicEconomics, YouTube.
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Music: Julian Angelatos
Artwork: Nerpa Mate