Capitol Hill Briefing

Fall Fables & Fallacies: The Truth about Free Trade

October 27, 2016 12:00 PM to 1:00 PM EDT

B-369 Rayburn House Office Building

Featuring Daniel J. Ikenson, Director, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; moderated by Peter Russo, Director of Congressional Affairs, Cato Institute.

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Scapegoating trade for problems real and imagined is nothing new. Blaming foreigners for domestic woes ingratiates politicians to excitable elements of the electorate and helps them direct voter anger away from their own records. But this year the rhetoric has been especially disparaging, with candidates from across the spectrum perpetuating noxious fallacies about trade, its purpose, and its beneficiaries.

Among the prominent myths in circulation this year are that trade is a national competition between Team USA and the foreign team; trade destroyed U.S. manufacturing; the trade deficit means the United States is losing at trade; outsourcing hurts the U.S. economy; and, trade agreements only benefit big corporations and the rich.

Join us for a special presentation where we will set the record straight and take a clarifying look at the many misconceptions swirling around in conversations about U.S. trade policy.