Even in a Pandemic, Trade Is Cooperation
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 17 March 2020
⏱️ 10 minutes
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| 0:00.0 | This is the Cato Daily Podcast for Tuesday, March 17th, 2020. I'm Caleb Brown. |
| 0:09.4 | Amid a global pandemic, there are opportunities to both ease the movement of basic goods |
| 0:15.0 | that people need during this difficult time and spread goodwill elsewhere around the globe. |
| 0:20.8 | Cato's Simon Lester discusses the impact of the spreading coronavirus on international trade |
| 0:26.0 | and the good and bad of the administration response thus far. |
| 0:30.0 | In a moment when we have essentially a global pandemic of an infectious disease and people need |
| 0:40.3 | access to basic goods, particularly in countries where trade is not as robust as we might hope. |
| 0:52.1 | What are some changes that you recommend immediately that would |
| 0:56.7 | smooth the movement of goods to the people who need and want them? |
| 1:03.0 | Well one obvious place to look is that as part of the Trump administration's trade wars, |
| 1:10.0 | we've imposed tariffs on medical products, on imports of medical products. |
| 1:15.0 | And, you know, we in the trade policy world argued a lot about that, you know, |
| 1:20.0 | over the past couple of years, whether that made sense and us on the free trade side |
| 1:24.1 | tried to make the case for why these trade restrictions why these tariffs don't make sense but I think that |
| 1:29.2 | today in the face of this pandemic and with a great need for all kinds of |
| 1:35.1 | crucial medical products, masks, gloves, goggles, hospital beds, ventilators, it |
| 1:42.1 | makes a lot of sense to take the taxes off those products. |
| 1:45.4 | You know, clearly we're only harming ourselves by making these products more expensive. |
| 1:51.5 | What happened was we impose these tariffs on |
| 1:54.2 | imports from China and China said well fine we'll we'll send them somewhere else. |
| 1:58.8 | So I think that the first thing we can do is stop shooting ourselves in the foot and remove tariffs from on imports of medical products. |
| 2:08.0 | And the Trump administration has been reluctant to do that, but they have in the past few days taken out tariffs on a few of the most |
... |
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