Trump's new taxes may reduce the spending power of American consumers, but that is not a president's only concern. He also must protect some U.S. industries.

Whenever the subject of trade comes up, many right-leaning free traders and left-leaning neoliberals alike trot out the same ...

Barriers to free and unfettered trade may well appear “inefficient” as a matter of an economic model’s “deadweight loss” — and they may well conflict with David Ricardo’s much ...