Last week, alongside its $2.3 trillion infrastructure plan, the Biden administration announced a new tax plan to fund it. This plan includes provisions that would discourage the offshoring of jobs and profits by US companies. Stephanie Rickard finds that voters are more likely to vote against governments when offshoring occurs that moves jobs out of their local area. In […]
Last week, President Trump announced a $12 billion program of farm subsidies to assist farmers hurt by his escalating trade war with China, Canada, and other countries. Stephanie Rickard, author of a new book on government subsidies, Spending to Win, argues that this kind of financial assistance is almost always introduced to help domestic producers harmed by tariff reductions, […]
Stephanie Rickard analyses recent tariffs imposed by the US, arguing that they fulfil election promises that helped Donald Trump win votes in 2016 and may pay further dividends in 2020.
Politics, not economics, provoked Trump’s metal tariffs. While campaigning for the presidency, Trump promised to protect American steel workers from international competition. He made this promise in order to win votes.
In the 2016 primary, Democrats are united on trade while Donald Trump’s protectionism means that the Republicans are unusually divided.
Historically, Republicans – and Republican presidential candidates – have been in favor of trade liberalization. This positive view of free trade has been challenged by Donald Trump’s protectionist ideology, which is aimed at increasing his support among blue-collar workers. Stephanie Rickard writes that even as the GOP is unusually divided over trade, the Democratic camp is united with both […]
At the beginning of 2015 we asked Stephanie Rickard, Associate Professor in the LSE’s Department of Government, for her predictions for the year. Now, she reflects on her prognostications on US trade policy and on what 2016 may have in store.
2015 was a good year for trade negotiators. One of the biggest deals in decades was successfully concluded in […]