China’s move to make the yuan stronger seems to contradict the traditional belief that China has been intentionally making its currency weaker to gain export advantages.
The U.S. corporate income tax system is awful and needs to be reformed, but it does not subsidize foreign imports or justify a border-adjusted tax.
By backing away from a border adjustment, Republicans are making a major mistake. This policy will help narrow the trade deficit and fund a tax cut for all domestic businesses.
Protectionists want to force poor American consumers to subsidize well-connected cronies. They must no longer be given free rein to mislead with impunity.
We should at least have a debate about whether ideas like intervention are the right ones, and not leave foreign policy to the Washington insiders.
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