Scott Lincicome Profile picture
Jul 7, 2018 3 tweets 1 min read Twitter logo Read on Twitter
❌are regressive & inefficient, costing consumers (esp poor ones) a LOT to help a few workers
❌deter competition, innovation & productive investment
❌don't work in the long-run, w protected cos not modernizing, still failing
❌breed govt corruption, picking winners/losers
❌Alienate allies & undermine US national security/soft power
❌Harm US exporters via retaliation and/or higher input costs
❌Deter global economic development
❌Force US families & biz to (often unwittingly) subsidize well-connected industries/unions
❌Grow govt/bureaucracy

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More from @scottlincicome

Oct 1, 2018
A thread on NAFTA 2.0's Good, Bad & Ugly:
First, a BIG caveat: there's a lot here, & it'll take time to draw definitive technical conclusions (esp given how the agreement is posted…). These are just initial opinions & subject to change as details emerge /1
The Good:
1) as @JimPethokoukis rightly points out (…), this is generally a victory for pro-trade/globalization forces. NAFTA's basic free(r) trade principles (goods & services) remain, & uncertainty is reduced (tho not eliminated, yet). /2
2) there's actually some trade liberalization in this deal! (Crazy, I know) Canada opens its dairy market a little (keyword: a little - 0.34%); the US in exchange opens up a little on dairy, peanuts, & sugar. Good for consumers (tho not ideal free trade). De minimis raised too /3
Read 20 tweets
Sep 29, 2018
While I was buying grass seed at the hardware store just now, I noticed that YETI now makes a 16oz coffee mug and have never impulse-bought anything faster. It is sweeeet. #DadLife
Also, #ProTip for you young dads out there as we enter aeration/overseeding season: splurge on the grass seed coated with fertilizer - not only does it grow faster, but the damn birds won't eat it!
Read 4 tweets
Sep 10, 2018
PSA: the entire city of Raleigh appears to be out of portable generators #Florence
And at least one Raleigh resident is kicking himself for putting off that generator purchase that he said he'd do this year.
He's also, btw, pretty annoyed at Amazon for not letting him get 2-day Prime delivery on a sweet 8000W generator that would keep most of his house running. So much for the 21st century.
Read 4 tweets
Aug 18, 2018
And no mention of the pricetag - in taxes & higher prices - of those job "gains"
Newsflash: the Government giving a handful of well-connected companies a tariff-based monopoly in the US market can, believe it or not, increase those companies' output and employment (at least for a while) /2
The problem, especially when it comes to tariffs, is that those new jobs ALWAYS come at a VERY high, direct cost to US consumers and the US economy more broadly. /3
Read 13 tweets
Jul 25, 2018
The EU statement makes clear that the steel/aluminum tariffs remain in force (& no concrete commitments). But the tone is better, and maybe(?) no auto tariffs as long as they keep talking.…
Let's unpack this statement, shall we?
Paras 1-3: happytalk
Paras 4-5: an agreement to start talking about a deal for full trade liberalization in "non-auto industrial goods" (ie, no cars, no ag) + reducing barriers in services, chemicals, pharma & soybeans. AKA "TTIP Very Lite"
(A very detailed rundown of TTIP's ambition is here:…)
Read 9 tweets
Jul 7, 2018
Also this one:
The speed with which American partisans have switched sides on "economic patriotism" - sometimes involving the exact same policy (eg solar panel protectionism) - would be breathtaking if it weren't so damn predictable and sad.
Read 6 tweets

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