I’m not talking about the World Cup here, but Russia’s challenge, along with six other countries, to Trump’s steel and aluminum tariffs. The Russians will be discussing those tariffs with the Trump administration, the first step in challenging them before the World Trade Organization. Those tariffs are bad for Americans because they raise the prices of steel and aluminum, which makes products made of steel and aluminum more expensive for American consumers. Tariffs impose harm on both the importing and exporting country, but most of the harm falls on the country that imposes the tariffs. An elementary principle of economics is … Continue reading I Hope Russia Wins