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    A Valentine's Day Wish for Free Trade

    Americans saved more than $16 million on roses last year thanks to U.S. trade policy toward Colombia. Under the Andean Trade Preference Act (ATPA), many products from Colombia are exempt from U.S. import tariffs. Colombia is the biggest supplier of cut flowers to U.S. consumers, and the ATPA exempts Colombian … More

    What to Look for in Next Week's Release of U.S. Trade Statistics

    On February 11, the U.S. Department of Commerce will release our country’s 2010 trade statistics. The following three principles will help in understanding what the numbers mean: Unlike the U.S. budget deficit, the size of the trade deficit does not matter. The trade deficit results from people in other countries … More

    Americans Believe Trade Is Rather a Good Thing

    Reports that Americans are becoming increasingly hostile to trade are greatly exaggerated. The French Institute of Public Opinion (IFOP) recently polled people in several countries to compare their attitudes on trade and economics. Asked whether international trade is good for the United States or bad, Americans were 50 percent more … More

    The United States Needs Fair Referees for International Disputes

    Last night’s BCS Championship game pitted the Auburn Tigers from the Southeastern Conference (SEC) against the Oregon Ducks from the Pac-10. To guard against biases that could have influenced the game’s outcome, officials were provided by the Big 10. If football-crazed fans from Auburn and Oregon can understand why referees … More

    How the Grinch Stole Mexico’s U.S.-Grown Christmas Trees—Again!

    When the Mexican government imposed punitive tariffs last year on $2.4 billion in American products the average Mexican citizen may not have noticed.  But no more.  Try finding a U.S.-grown Christmas tree in Mexico City this week.  They are scarce since Mexico’s usual suppliers of holiday evergreens, growers in the … More

    South Korea–U.S. Trade Deal: Better Late Than Never

    When the proposed South Korea–U.S. Free Trade Agreement (KORUS) was initially signed on June 30, 2007, Heritage Foundation analysts recognized significant benefits that would come from implementation of this landmark trade deal. Those benefits included more exports, more export-related jobs, and a stronger economy. As the Obama Administration has pointed … More

    The Cost of Sugar Subsidies

    Even in a season characterized by candy canes and cookies waiting for Santa, protectionism, specifically the U.S. sugar program, hurts American consumers and workers. The U.S. sugar program provides a classic example of a special interest group benefiting from political connections, to the detriment of American consumers. The sugar program … More

    South Korea Trade Pact: More Important Than Ever

    The economic case for the South Korea–U.S. Free Trade Agreement (KORUS) has been variously described as a “slam dunk,” a “pareto-optimal solution,” and “an easy ‘yes.’” However, aside from the economic arguments for KORUS, recent events in the Korean peninsula make approval of the agreement more important than ever. On … More

    The Obama Administration’s Self-Destructive Trade Policy

    Following the shocking inability of U.S. and South Korean trade negotiators to reach agreement on changes to a proposed Korea–U.S. Free Trade Agreement (KORUS), the biggest question was whether the failure was due to a conscious decision by President Obama or to stunning incompetence. However, if negotiators had managed to … More

    Morning Bell: A Failing Agenda Fails

    President Barack Obama returned from Asia yesterday, and the headlines greeting him home are not kind. “Obama’s economic view is rejected on world stage,” reads The New York Times; “Obama, weakened after midterms, reveals limited leverage in failed S. Korea deal,” says The Washington Post; and ABC News declares, “President … More