The “Unfettered” Trade That’s Wildly Popular — and Ignored in Washington

Source: Cato Institute
by Scott Lincicome

“When Joe Biden and Donald Trump face off in tomorrow’s inaugural Mandelbaum Memorial Presidential Debate, the issue of international trade will almost certainly come up. Assuming it does, you can bet good money that the candidates and/​or debate moderators will mention China and tariffs and the trade deficit and maybe Nippon Steel or electric vehicles or supply chain resiliency. An even safer bet, however, is that they’ll all ignore an area of trade that not only is important (for the economy and security) and booming (thanks to minimal government interference), but also one that the United States totally dominates. … I’m talking about digital trade — and, from the looks of it in Washington, I’m just about the only one.” (06/26/24)