Here is Shanker Singham’s statement from the Growth Commission’s press release issued today for the release of our new report “How to foster growth by advancing Anti-Competitive Market Distortion-focused trade policy reform in the United States”-
“President Trump is correct to focus on what we have long called Anti-Competitive Market Distortions that artificially suppress US exports and artificially inflate imports into the US. These ACMDs are economic weapons of mass destruction that have been allowed to proliferate and destroy wealth from both the US economy and also from the economy that chooses to deploy them.
“Our models suggest the losses from behind the border measures are far more impactful than traditional border measures. This metastasising cancer in the international trade and domestic regulatory system must be eradicated now.
“For far too long nothing has been done to curb this problem as proven by the virtually unchanged entries in the annual National Trade Estimate report year after year. Continuing to do nothing is no longer an option.
“President Trump is trying to do something new and he is to be commended for his approach. It is up to other countries now to reduce their distortions so that we move ever closer to a world of no tariffs and no distortions.”
April 15, 2025: New Report-How to foster growth by advancing Anti-Competitive Market Distortion-focused trade policy reform in the United States
