Beef Tariffs Are Doing What They’re Supposed to Do |
The Wall Street Journal reported that the White House was planning to temporarily reduce tariffs on beef imports to bring down prices for consumers. That’s funny, because this administration claims that higher tariffs do not increase prices. Yet, somehow, lower tariffs can reduce prices? One of these statements must be false, or political convenience is bending the laws of mathematics.
Anyway, the plan to suspend beef tariffs was itself suspended after cattle ranchers voiced their displeasure at the prospect of additional competition. They were right to be alarmed. High tariffs on beef, which long predate the Trump administration, are working as intended. The duties are meant to keep the........