“As China and some American companies denounce President Obama’s decision to impose tariffs on Chinese tires, the Obama administration can take solace that at least one important Democratic constituency is enthusiastically applauding the move…. Thea Lee, the labor federation’s [AFL-CIO] chief economist, praised Mr. Obama’s decision, saying it would help preserve American manufacturing.” (New York Times, Tuesday)
A trade war will do wonders for employment.
FEE Timely Classic
“Protectionism and Unemployment” by Hans F. Sennholz
