Cato Daily Podcast
Americans Seem Fine with Protectionism as Long as It's Costless
Aug 13, 2024
Scott Lincicome, a trade policy expert, and Emily Ekins, a public opinion researcher, dive into new polling data revealing how Americans view protectionism. They discuss the conflict between supporting 'Buy American' initiatives and the potential costs consumers face. Lincicome and Ekins highlight a significant disconnect between public anxiety over inflation and the allure of tariffs. The conversation sheds light on how education can reshape perceptions about trade, creating an intriguing dynamic in the ongoing debate over economic policies.
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Quick takeaways
- Americans generally desire to support domestic manufacturing, but they resist spending more on American-made products due to financial concerns.
- Polling reveals that public support for protectionism is often influenced by political alignment rather than a genuine understanding of economic impacts.
Deep dives
Americans' Views on Tariffs and Protectionism
Poll results indicate that Americans have complex views regarding tariffs and protectionism, often influenced by economic realities. While a desire to support American businesses and jobs exists, many individuals hesitate to pay higher prices for American-made products. For instance, when asked if they would be willing to spend an additional $10 for a pair of blue jeans to support American manufacturing, most respondents indicated they would not. This reluctance highlights a significant disconnect between the desire to promote American goods and the practical impact on their finances.
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