Cato Daily Podcast
Free Trade in the Name of National Security
Jul 20, 2024
Colin Grabow discusses the importance of balancing industry protection and free trade for national security. Strategies include deregulation, immigration reform, and collaboration with allies like Japan and South Korea to strengthen US manufacturing and address protectionism effects on the shipbuilding industry.
11:23
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Quick takeaways
- Free trade is vital for national security and should be prioritized over protectionism.
- Government should focus on pro-market approaches to industry growth before resorting to immediate intervention.
Deep dives
The Role of Free Trade in National Security
Free trade, economic robustness, and strengthening trading ties are crucial elements in enhancing national security. While protectionism is often justified using national security concerns, experts like Colin Grebo argue that freedom to trade plays a significant role in national security. While some protectionist measures may have valid reasons related to national security, many are seen as overblown or used by politicians to push their agenda. It is essential to balance the need to maintain certain industries for national security with preventing the abuse of national security exceptions.
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