Re:Biden wins White House, vowing new direction for divided ...
by gspetr on Saturday November 07, 2020 @05:49PM
(#25020421)
> core Republican positions: support of free trade and being against protectionism and tariffs
This is not the case, as (or at least has not been since Reagan) there have been 2 main tools of regulating/restricting foreign imports by Republicans: Tariffs and Quotas. Both have different tradeoffs.
“the share of American imports covered by some sort of trade restriction soared under ‘free-trader’ Reagan, moving from only 8 percent in 1975 to 21 percent by 1984.”
This is not the case, as (or at least has not been since Reagan) there have been 2 main tools of regulating/restricting foreign imports by Republicans: Tariffs and Quotas. Both have different tradeoffs.
Reagan was heavily in favor of quotas instead of tariffs: https://www.nationalreview.com/2020/10/i-am-a-tariff-man-com...
Reagan CEA economist Steve Hanke added:
“the share of American imports covered by some sort of trade restriction soared under ‘free-trader’ Reagan, moving from only 8 percent in 1975 to 21 percent by 1984.”