Trading with Weasels
By Arnold Kling
In this essay, I argue against excluding France, Germany, and Russia from trading with Iraq.
Private-sector companies from France, Germany, and Russia should be allowed to compete for Iraq’s business, along with other private-sector companies. Even if we have a quarrel with the governments of the Weasels, it is not productive to take revenge on the private sector.
For Discussion. In the essay, I make a case for unilateral tariff reductions instead of trade negotiations. What purpose, if any, do trade negotiations serve?