The benefits of free trade have been a cornerstone of economic thought for decades. Recently, though, trade agreements have become the target of a populist backlash, with opposition to trade deals emerging as a key issue in the presidential race. At the same time, new research suggests that trade led to lower wages and higher unemployment for some Americans, particularly middle-class manufacturing workers. We asked Bloomberg View columnists Tyler Cowen and Noah Smith to meet online to debate the pros and cons of trade.
The American Soybean Association expressed deep disappointment with the U.S. House of Representatives failure today to pass H.R. 2, the Agriculture and Nutrition Act of 2018. ASA calls on the U.S. House of Representatives to continue to work to seek passage of a Farm Bill this year to provide certainty[…]Read More »
After battling massive wildfires that have killed at least 10 people in California’s wine country and torched 107,000 acres across the northern part of the state, firefighters are hoping for some reprieve Tuesday morning as strong winds that fanned flames the night before continue to weaken. Read moreRead More »