Trade War Background & Pro-Free Trade Arguments (US-China Trade War Part 1/2)

In this episode, we explore the background of free trade, the US-China trade war itself, and why tariffs are a bad idea.Please subscribe and leave a 5-star review. Thank you!***References:‘Trumponomics: Inside the America First Plan to Revive Our Economy’, Stephen Moore and Arthur B. Laffer, 2018, All Points Books, United States.‘Schism: China, America and the Fracturing of the Global Trading System’, Paul Blustein, 2019, Centre for International Governance Innovation, Canada.‘An Inquiry into the Nature and Causes of the Wealth of Nations’, Adam Smith, Abridged with Commentary by Laurence Dickey, 1993, Hackett Publishing Company, Indianapolis/Cambridge.‘On the Principles of Political Economy and Taxation’, David Ricardo, 1817, republished in 2001, Batoche Books, Kitchener.‘Comparative Advantage’, Investopedia.‘International Trade’, Britannica.‘How Trump's Trade War Went From Method to Madness’, Bloomberg, YouTube.‘A Quick Guide to the US-China Trade War’, BBC.‘US-China trade war: 'We're all paying for this', Virginia Harrison, BBC.‘China tariffs will still cost US $316 billion by end of 2020, even after trade deal’, Gina Heeb, Business Insider.‘The US-China Trade War: A Timeline’, Dorcas Wong & Alexander Chipman Koty, China Briefing.‘I, Pencil: My Family Tree as Told to Leonard E. Read’, Leonard Read, republished by Foundation for Economic Education. ‘Economists Actually Agree on This: The Wisdom of Free Trade’, N. Gregory Mankiw, New York Times.The World Trade Historical Database, Giovanni Federico & Antonio Tena-Junguito, VOXeu.org.‘Shooting an Elephant’, The Economist, September 17, 2016.‘Steve Lamar: Announced phase 1 trade deal gave retailers limited relief’, CNBC, YouTube.‘The U.S. Trade Deficit Is Narrowing for Reasons That Aren’t All Good’, Shawn Donnan, Bloomberg.‘Trade War From The Chinese Side’, Milton Ezrati, Forbes.‘How China Really Sees the Trade War’, Andrew J. Nathan, Foreign Affairs.‘The U.S. Trade War Has Caught Beijing’s Attention. Now Washington Needs a Longer-Term Plan.’, Tim Roemer, Foreign Policy.‘David Autor on Trade, China, and U.S. Labor Markets’, Econ Talk Podcast.‘Donald Trump accuses China of trade 'rape'’, The Telegraph, YouTube.‘Donald Trump FULL Speech | Toledo, Ohio Rally (10/27/2016)’, ABC News, YouTube.‘Trump vs Friedman - Trade Policy Debate’, LibertyPen, YouTube.‘Milton Friedman - Congressional House Economic Task Force (1993)’, BasicEconomics, YouTube.‘Krugman Says U.S. Not Taken Advantage of in Trade Deals’, Bloomberg Politics, YouTube.‘Don Boudreaux - Why Free Trade is ALWAYS Best Policy’, LibertyPen, YouTube.‘Trade wars are easy to start, very hard to stop: Economist Thomas Sowell’, Fox Business, YouTube.‘Milton Friedman - Free Trade’, BasicEconomics, YouTube.***Music: Julian AngelatosArtwork: Nerpa Mate