Why we all need education in economics and international trade ...Middle East

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Why we all need education in economics and international trade
As prices at the gas pump and on our store shelves rise, President Biden recently mentioned he would consider lifting some tariffs on China in an attempt to combat exorbitant inflation. It’s an issue he has addressed before, noting that inflation is his “top economic priority.” And while doing away with tariffs is a start, there’s more to be done to encourage international trade — the real solution to combating rising costs. Simply stated, all barriers to free global trade limit competition and allow domestic producers to increase prices, a contributing factor to inflation. But somewhere along the way, elected leaders have forgotten this basic economic concept and have turned to policies

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