Subscribe to our free, weekly email newsletter!



Smoot-Hawley redux?

While there is scant evidence that a job crisis would be eased with a “Buy American” policy, several prominent economists believe that protectionism would make the situation far worse.
By Patrick Burnson, Executive Editor
October 05, 2010

According to the Wall Street Journal, U.S. shippers are going to have a hard sell when in comes to going global.

In its feature, “Americans Sour on Trade,” readers are told that popular sentiment against off-shoring and out-sourcing is being driven by the continued slump in U.S. employment figures.

While there is scant evidence that a job crisis would be eased with a “Buy American” policy, several prominent economists believe that protectionism would make the situation far worse.

Curiously, with President Obama now promoting an aggressive export agenda, such a development would hasten the rise of tariffs on American goods that cross-border shippers are already seeing in Mexico.

Speaking with Josh Green, CEO of Panjiva, an online search engine with detailed information on global suppliers and manufacturers, we found an enlightened voice:

“As trade professionals we understand the benefits of unfettered commerce,” he said. “But try telling that to someone who has been out of work for some time.”

Indeed, our job as communication specialists is to counter the misinformation of mainstream media and calculating politicians and be evangelists for globalization.

The first move, one might argue, is to revisit the unintended consequence of the Smoot-Hawley Tariff Act of 1930. Forget “double-dip.” Now we’re talking Great Depression.

 

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

A mixed bag may be the most appropriate way to characterize the current state of manufacturing based on the most recent edition of the April edition of the Manufacturing Report on Business issued by the Institute for Supply Management today.

The Department of Transportation’s Federal Railroad Administration and Pipeline and Hazardous Materials Safety Administration (FRA) issued its long-awaited Final Rulemaking for “Enhanced Tank Car Standards and Operational Controls for High-Hazard Flammable Trains.”

U.S. carloads were down 1.6 percent at 278,294 carloads, and intermodal volume was up 5.6 percent at 279,0123 containers and trailers.

Even though the immediate prospects of a long-term federal surface transportation authorization remain dim, various media reports suggest that at least short-term help could be on the way.

For anyone not sold on the ongoing impacts of e-commerce on logistics and supply chain operations, comments by some influential industry executives at the recent National Shippers Strategic Transportation Council (NASSTRAC) Conference and Transportation Expo definitely would help change that train of thought.

Article Topics

Blogs · Trade · Exports · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA