Sunday, November 27, 2016

Trump's Thesis on Jobs and Trade Restrictions

Trump says he will cancel trade agreements on his first day in office as his anti-trade approach to bring back jobs rhetoric is supported by his voters.

We live in interesting times as the Republican party has been pro trade and anti trade restriction since Ronald Reagan was President. We will see how this issue plays out as the interests of the business wing of the Republican party are at odds with Trump and his voters who believe he will bring back jobs through trade restrictions. His voters are likely to be disappointed.

In reading the research, I find no credible evidence that significant job growth will be created by trade restrictions and barriers. The research I am referring to leans Republican. I also looked at the evidence on this topic from multiple points of view. Trump's argument on this topic appears to be the least credible I can find.

For folks who lean right that are interested in learning more about free trade and jobs, I would recommend the most well known Republican leaning think tanks, The CATO Institute (CATO) and The Heritage Foundation (Heritage). These organizations extensively cover this topic and have published Republican leaning pro trade arguments and research for years.

It will be interesting to see how the battle plays out within the Republican party.

For folks who would like to go beyond CATO and Heritage on this topic, feel free to reach out to me.