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    Politics and a New Trade Bureaucracy

    President Obama just announced plans to borrow millions of dollars from countries likeChinato create a new federal bureaucracy tasked with policing the trade practices of countries likeChina. The new bureaucracy is more about politics than trade. The International Trade Enforcement Center (ITEC) will have as many as 60 employees. With … More

    Some Truths About Trade

    In 2004, the yuan ended the year 8.28 to the dollar. In 2011, it ended the year 6.31 to the dollar, a 24-percent rise. In 2004, America’s trade deficit with China was $162 billion; in 2011, it was $295 billion. Those demanding a 30 percent appreciation got most of it—and … More

    Morning Bell: So, You Think You're Free?

    So you think you’re free? Thanks to big government spending and exploding debt, the United States — and indeed the world — is less economically free today than it was a year ago, according to the 18th annual Index of Economic Freedom, released yesterday by The Heritage Foundation and The Wall Street … More

    PODCAST: How Economically Free is America?

    In this week’s Heritage in Focus, Heritage’s Kim Holmes, co-author of the annual Index of Economic Freedom, discusses this year’s index. Click here to listen. How does the U.S. rank in economic freedom this year? How does economic freedom fare worldwide? Is there any big surprise in this year’s index? … More

    President Obama's Year-End Trade Policy Blunder

    President Obama concluded 2011 by accomplishing the remarkable feat of making the United States look worse than Communist China when it comes to promoting global economic freedom. On December 29, the Obama Administration announced that sleeping bags from developing countries will now be subject to a 9 percent tariff. President … More

    Freedom Is the Cure for U.S. Economic Woes

    President Obama recently lectured Americans on economics during a campaign stop in Osawatomie, Kansas. The New York Times congratulated President Obama’s speech as a potent blow against market economics. Cal-Berkeley professor Robert Reich called it the most important speech of his presidency. The Kansas City Star gushed over his good … More

    Huntsman Visit and a U.S.-Taiwan FTA

    Former Governor Jon Huntsman (R–UT) was at The Heritage Foundation this week answering policy questions. In his talk, he emphasized budget discipline, tax reform, and education. He also made a powerful argument for free trade, stressing that we have vastly underused our international options in helping address economic challenges. There … More

    Labor Department May Sink Another $14 Million into Solyndra

    Taxpayers will likely shell out another $14.3 million in federal aid to the 1,100 people formerly employed by defunct solar company Solyndra. The Labor Department announced Monday that it had approved Trade Adjustment Assistance payments for those former employees, which may pay out about $13,000 for each. TAA is designed … More

    Strong National Security--the Prerequisite for Peaceful Commerce

    The slogan “War breeds war. Peace breeds prosperity” has become a favorite idea of the anti-war faction on the right. Unlike their anti-war allies on the left, who favor protectionism, those like Congressman Ron Paul (R–TX) are rightly committed to economic freedom. Their mistake lies in thinking that commerce and … More

    Trade Policies from Down Under: A Good Example for the United States

    With the World Trade Organization’s Doha Round of trade talks at a standstill, Australian Prime Minister Julia Gillard is taking action by giving poor nations “ongoing and absolute access to 100 per cent of [Australia’s] trade markets.” The United States should follow in Australia’s footsteps by removing all barriers to … More