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    Expiration of Trade Preference Program Means Higher Prices

    On July 31, the Generalized System of Preferences (GSP) expired. GSP is a program that waives tariffs on thousands of products that Americans import from developing countries. In 2012, the program reduced tariffs by $742 million. As House Ways and Means chairman Dave Camp (R–MI) observed, “GSP provides important benefits … More

    U.S. Can't Lead on Economic Freedom When It’s Retreating

    The news is out: the U.S. is falling behind on economic freedom. In the 2010 edition of the Index of Economic Freedom, the United States, for the first time, dropped out of the ranks of the free, and into those of the ‘mostly free,’ ranking eighth in the world and … More