“American firms cheering for protectionism in the form of tariffs on their foreign competitors should be careful what they wish for. As they say, ‘What goes around comes around.’ Case in point: The American washer and dryer manufacturer Whirlpool Corp.,” which applauded tariffs on imports of washing machines and then found its own costs of production soaring when steel and aluminum imports also came under tariffs. [Veronique de Rugy, syndicated; @SoberLook on Twitter]

Filed under: competition through regulation, free trade