"Free Trade, free trade, free trade!... "
That's what I'm told, over and over, by Occasional Readers. And I agree, from my 1972 Bachelor of Economics (Pass... just...) I learned in Eco 101 that "Free trade is good".
And I've believed it all my life.
But... you know who doesn't believe it? China. It has a raft of tariff and non-tariff barriers on the rest of the world, and has done since it joined the WTO in 2001. As does the EU.
Why do they think it's good to have tariffs? But, uniquely, the US should not. Because, you know... Trump.
Professor Thomas Sowell has apparently changed his mind. This great mind, once the pure free trader. Now seeing the logic of using tariffs as a brickbat.
