Protectionism is now the consensus economic policy of both major political parties in the United States. There is currently no major party or presidential candidate that you can vote for in America that is even remotely interested in free trade. www.noahpinion.blog/…

I see four basic reasons for protectionist policies: 1. protecting domestic jobs and/or profits 2. reducing trade imbalances 3. improving cybersecurity 4. ensuring extra defense manufacturing capacity in case of war www.noahpinion.blog/…

Interesting data from Rhodium Group shows that some of that big surge of industrial lending in China might have actually just been stealth bailouts instead of going toward long-term manufacturing: www.bloomberg.com/ne…

Biden's big tariffs on Chinese EVs probably won't have a huge impact on consumer prices, EV quality, the U.S. auto industry, or the green energy transition -- unless we also put tariffs on Mexico and other countries. www.noahpinion.blog/…

If China had 1) integrated itself into the global internet, 2) given up on conquering Taiwan and settled its territorial disputes with its neighbors, and 3) implemented visa-free travel, China would rule the world right now.