End the Tariffs, Don’t Bail Out Farmers
-National Review - one of the historically most conservative outlets.
Farmers have been among the many hurt by the ongoing trade war, and they are not a constituency the Republican party wants to lose. Rather than adjust his trade policy accordingly, however, President Trump has decided on another remedy: to pay farmers $12 billion in the form of direct payments, subsidies, and other market interventions. Announced Tuesday, this plan demonstrates how poorly the president’s protectionist campaign is going and reinforces the need to change course.There is no doubt that American farmers have lost money lately. These costs, however, are consequences of the president’s trade policy. Take soybean farmers, who have been devastated by Chinese tariffs and a collapse in commodity prices in recent weeks.The superior policy is to shift course and work with our allies to isolate China, beginning with joining the Trans-Pacific Partnership, and to use rifle-shot interventions against Chinese cheating, particularly intellectual-property theft, that don’t have the same potential to backfire as sweeping tariffs. Though President Trump does not seem likely to reconsider his approach any time soon, Republican congressmen were swift to condemn this latest proposal. A critical mass of the congressional GOP still believes in the value of free trade. They have the power to put that belief to use.


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