Protectionism

BEIJING (Reuters) - Rising Sino-U.S. tension is problematic and undermines the broad multinational cooperation needed to deal with the coronavirus pandemic, the European Union’s ambassador to China said on Thursday. Nicolas Chapuis told reporters during a briefing that China is in an unique position to help alleviate tensions and further…

Here’s a letter to the Washington Post: Editor: In praising Oren Cass’s new think tank, American Compass, pushing an agenda of protectionism, Henry Olsen displays a failure to understand the case for free markets and free trade (“This new think tank wants to reform conservatism. Republicans ignore it at their…

Pharmacist Thomas Jensen looks over a prescription drug at the Rock Canyon pharmacy in Provo, Utah, May 9, 2019. (George Frey/Reuters) The COVID-19 pandemic is a real crisis. Protectionism is not the solution. NRPLUS MEMBER ARTICLE O ne of the most fashionable COVID-19 proposals being circulated by Washington politicians and…

Aravind YeleryIndia’s revised FDI policy sets out a clear target to protect the domestic industry from falling easy prey to a predatory investment by Chinese Inc. It is predatory because Chinese Inc showed a strong appetite for mergers and acquisitions (M&A), and in recent years, they have been indiscriminatingly binging…

NEW HAVEN, Conn. (Project Syndicate) — It didn’t have to end this way, but the die is now cast. After 48 years of painstaking progress, a major rupture of the U.S.-China relationship is at hand. This is a tragic outcome for both sides — and for the world.From an unnecessary…

Authors: Alex Rouse and Adam Triggs, ANUThe COVID-19 pandemic is a test for the multilateral system — one that could not have come at a worse time. The multilateral system is vital to keep supply chains open, allow medical supplies to flow freely, resist trade protectionism, deal with the international…

Africa has learned the hard way that international cooperation is key to saving lives and extinguishing epidemics. But the mixed global response to the current COVID-19 pandemic, with many countries closing their borders and restricting exports of vital goods, suggests that the world is forgetting this lesson. NAIROBI – Africa…

Facebook’s stock is soaring after a surprise investment in Indian telecom giant Reliance Jio. The American social media company has purchased a 9.99% stake in Reliance for $5.7 billion, making this its biggest investment ever. Could Facebook’s investment be the first move in a trend of American tech companies ditching…

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Tariffs, despite what their proponents seem to believe, harm domestic consumers and manufacturers. And this damage is especially bad in difficult economic times So a new policy that postpones tariff payments for select products might seem like a step in the right direction: “The Trump administration said it would allow some companies…