Trump team hits pause on tariffs – but still sees them as vital tool

Debates over trade policy have occurred since the Founding, beginning with even George Washington and Alexander Hamilton arguing for tariffs as a way to protect American “infant industries,” which resulted in the passing of the Tariff of 1789. Since then, debates over protective tariffs and free-trade have surfaced time and again.

How does trade increase individual and societal prosperity? How has the world made economic progress in the past few centuries? What does it mean to prosper individually versus living in a prosperous society?

How do prices reflect scarcity? How do prices impact prosperity in society? How does cooperation help mitigate scarcity?