Preserving Free Trade in a Pandemic
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 25 September 2020
⏱️ 6 minutes
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| 0:00.0 | This is the Cato Daily Podcast for Friday, September 25th, 2020. |
| 0:07.0 | I'm Caleb Brown. |
| 0:08.0 | The pandemic wreaked havoc with global supply chains and with a president whose broad view of trade is that it |
| 0:13.9 | ought to be restricted it's been harder for many people to get access to basic |
| 0:18.1 | goods. Dan Eekinson directs the Herbert A. Stiefel Center for Trade Policy |
| 0:22.3 | Studies at the Cato Institute. |
| 0:23.8 | He's written a new essay as part of Cato's Pandemics and Policy Series. |
| 0:29.0 | This president's Protectionist Bonifides are well established. |
| 0:34.7 | How has his preferred trade policy or his preferred way of engaging with trade. What's it done since this pandemic began? |
| 0:46.0 | Well, Caleb, the pandemic has provided, I think, another excuse for protectionists to come up with proposals that would restrict trade. |
| 0:56.0 | And in response to the pandemic, the Trump administration and the Biden campaign and as well as congressional leadership on both sides of the aisle |
| 1:06.1 | have offered up proposals to repatriate supply chains to restrict government spending to goods and services produced domestically, to impose tariffs |
| 1:16.7 | so that to prevent greater reliance on imports, and to subsidize domestic production of |
| 1:23.7 | everything from pharmaceutical ingredients to personal protective equipment |
| 1:27.4 | to to semiconductors achieving you know greater national self-sufficiency by making international trade and investment |
| 1:35.8 | and supply chain collaboration more expensive seems to be the administration's goal or |
| 1:40.8 | policymakers goal. |
| 1:41.8 | It's not a new goal. I think the excuse for pursuing it. |
| 1:45.1 | The pandemic is, you know, like like other hyped up concerns about national |
| 1:50.0 | security threats, the pandemic is being used to repackage these these old arguments and I |
| 1:55.1 | think you know proponents of of retrenchment see cross-border trade and investment and migration not as liberating or life enhancing or as |
| 2:06.8 | wealth creating but really as vectors across which you know a local outbreak became a global pandemic and you know of course international trade and |
... |
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