Can you name one or two examples of protectionist policies in the US?
  • Milton Friedman, a Nobel Prize winner economist and an advocate of free trade answers questions about the effect of free trade on employment in the following 6-minute video. Please watch the following and reflect on the employment argument for protectionism. Should we protect certain industries against foreign competition through tariffs and quotas to protect employment in these areas?

This video is from the 1970’s but we have the exact same argument in our current political and economic environment. We see the steel example in the video. Can you name one or two examples of protectionist policies in the US? Who will win, who will lose as a result of these new tariffs?