With the presidential election weeks away and still looking like a true toss-up, we face the very real prospect of a second Trump administration. With that in mind, it makes sense to ask how Trump's ...

The author, a former governor of the Reserve Bank of India and chief economist of the International Monetary Fund, is Professor of Finance at the University of Chicago Booth School of Business. As ...

If we look closely at the history of trade, we see that it is far from beautiful. Today, free trade is as commonplace as the air we breathe, but most of modern history was dominated by protectionist ...

Ford CEO Jim Farley has a question about President Donald Trump’s threatened tariffs on imports from Mexico, Canada, and China: Why stop there? Farley said in a conference call Wednesday that Trump’s ...

The U.S. Supreme Court has struck down protectionist state wine and liquor laws on the grounds that they illegally discriminated against out-of-state wineries and out-of-state alcohol retailers. Yet ...

"The Reagan Administration's trade policy became clear: Espouse free trade but find an excuse on every occasion to embrace the opposite," wrote David Stockman, budget director for the Reagan ...

Herbert Hoover signed the retaliatory Smoot-Hawley Tariff Act of 1930, and it only made the Great Depression worse. Mark Benedict Barry Library of Congress Protectionism doesn’t work, and history ...

President-elect Donald Trump’s economic proposals offer a mix of opportunities and challenges for U.S. manufacturers. While tax cuts and deregulation might offer financial benefits, increased tariffs ...

Trade wars are breaking out all over the world right now. President Trump is not backing down on his tariff threats, now a reality. He campaigned on Making America Great Again, including manufacturing ...

After two decades of liberalization, many countries around the world are adopting new restrictions on foreign direct investment (FDI) that could retard continued progress, says a new Council Special ...