Free Trade: What the US Can Learn From China

Earlier in the week, I came across this short article in India's Business Standard which discusses how China has lowered tariffs on products from India and other Asian countries. The impacted goods include: agricultural products, medicines, chemicals, textiles, metal products, mechanical and electrical products, motor vehicles and spare parts. Ironically, it looks like the current US administration, which currently does not seem to fully understand the benefits of global trade, could probably learn a thing or two about the subject from our centrally planned, communist neighbor to the East. Who knows? Perhaps FreeMarkets ex-CEO Dave McCormick could teach his boss a thing or two about free trade given his new job advising the President. In his new role as Deputy Assistant to the President and Deputy National Security Advisor for International Economic Affairs, Dave's post is to help set "policies that protect national security and promote trade at the same time," according to the White House announcement. Let's hope he lives up to the latter part of his new job description! If anyone can convince "W" on the merits of free trade, I know Dave can.

Jason Busch

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