Category Archives: Media Appearances

EU’s Antitrust Charges against Amazon at Odds with Reality

This is a press release originally posted at cei.org.

The European Commission today announced it was charging Amazon with antitrust violations, accusing the retailer of using data from third-party sellers to benefit its own retail offerings.

CEI senior fellow Ryan Young said:

“Whether intentionally or not, the EU’s antitrust case against Amazon is trade protectionism by another name, at a time when the global economy cannot afford it.

“It also falls for the relevant market fallacy. This is using fancy terminology to say that Amazon dominates an unrealistically narrow market. In this case, the EU argues that Amazon dominates ‘marketplace services’ and ‘online platforms.’ Amazon is, in fact, a low-margin retailer. And it has a roughly 1 percent global market share. It sells things in a variety of ways, and people can buy them in a variety of ways—or not, as they choose.

“Amazon has made retail more competitive. Amazon’s third-party seller services give smaller businesses access to a global market they did not previously have. Traditional large retailers, such as Walmart and Target in the U.S., have expanded their online options to compete against Amazon. So have grocery stores—which is important in the age of COVID. It is difficult to make an argument that these developments have harmed consumers or producers.”

Read more:

On the Radio: The Google Antitrust Case

This Sunday, November 8, I’ll be on the Bob Zadek Show to talk about the Google antitrust case. I’ll be on for the whole hour, starting at 8:00 AM PT/11:00 ET.

Bob’s website is here. If audio is put online afterwards, I’ll post a link.

September Brought Uptick in Jobs – Will Next Government Steps Help or Hurt?

This is a press release originally posted at cei.org.

Employers added 661,000 jobs in September, and the unemployment rate declined to 7.9 percent from 8.4 percent, the U.S. Bureau of Labor Statistics said today in its monthly report. CEI experts expressed encouragement that deregulatory policies and re-openings are helping people recover financially from pandemic lockdowns and shutdowns this year but warned that more government action is needed – to deregulate and to reject a return to lockdowns.

Statement by Sean Higgins, CEI research fellow:

“Friday’s Labor Department report that the economy added 661,000 jobs, dropping the official unemployment rate to 7.9 percent, is welcome news but also a reminder the economy has a long way to go to fully recover. The good news is the data suggest people are eager to go back work and shop, eat in restaurants, and go to theaters. But they cannot and that’s holding the recovery back.

“If we want the economy to recover, we cannot revert to locking everything down in reaction to a recent surge in coronavirus cases. We must find better ways to allow people to safely interact, instead. Doling out more stimulus funds to businesses or extending unemployment relief is placing duct tape over the problems, while piling on more debt that taxpayers will eventually have to pay off.

“The department’s report found the sector with the largest growth was leisure and hospitality, which added 318,000 jobs in September. That accounted for about half of the overall employment gains in the last month. Bars and restaurants accounted for the largest part of that, adding 200,000 jobs, with the rest in gambling, amusements, and hotels. These gains are dramatic because hospitality was the sector hardest by the outbreak. Since February, that sector of the economy has recovered 3.8 million jobs but remains down more than 2.3 million from where it was at the beginning of the year. That’s about a third of the total 6.8 million jobs lost since February.

“Retail trade grew by 142,000 jobs over the last month, the largest part of it (40,000 jobs) coming from clothing outlets, indicating more people are out shopping. Retail is still down 483,000 jobs overall from February.

“The good news is these sectors can rebound quickly when given the chance. Doing that means allowing people to get out of their homes to re-engage safely with the outside world. That has to be the focus if we want the economy to recover.

Statement by Ryan Young, CEI senior fellow:

“The economy continues to create jobs, but the pace is slowing. It will be some time before the economy is back to normal, let alone everyday life. Unfortunately, there are still thousands of government-created barriers that keep people out of work. These include licenses, permits, entry barriers, excessive paperwork, and tariffs—not to mention looming antitrust threats against the very tech companies that help make remote work possible. Over-regulation is hindering virus response and economic recovery.

“President Trump and Congress should continue to eliminate never-needed regulations. Depending on how the election goes, further regulatory reform will a positive addition to the Trump legacy or the springboard for a second-term agenda. Either way, regulatory reform is the right thing to do to get people back to work.”

Trump Administration Backs Down on Tariffs on Canada Aluminum, But Long-Term Problems Unfixed

This is a press release originally posted at cei.org.

In another high stakes trade matter today, the Trump administration decided to back down from plans to impose tariffs on Canadian aluminum. Just before Canadian Prime Minister Justin Trudeau was set to announce retaliatory tariffs against the United States, U.S. Trade Representative Robert Lighthizer announced the U.S. would drop the tariffs. CEI Senior Fellow Ryan Young praised Lighthizer’s decision:

“United States Trade Representative Robert Lighthizer did the right thing by dropping the planned reinstatement of aluminum tariffs against Canada. The tariffs violated the spirit, if not the letter, of the just-enacted USMCA trade agreement. The agreement and its predecessor exist in large part to avoid the sort of brinksmanship between allies we just witnessed.

“The administration may finally be learning that other countries retaliate against tariffs. Just in case the lesson has not yet sunk in, Congress should pass legislation taking back the tariff-making powers it granted to the President under Section 232 of the Trade Expansion Act of 1962. Taxing power properly belongs with Congress, and this administration has proven it will not use its power responsibly.​”

WTO Rules Against Trump’s China Tariffs, but the Problem Remains the Tariffs Themselves

This is a press release orginally posted at cei.org.

The World Trade Organization ruled today that President Trump violated global trade rules by unilaterally imposing tariffs on over $350 billion worth of Chinese goods. CEI Senior Fellow Ryan Young says, while the WTO decision is not a surprise, the bigger problem remains the economic and personal toll of the tariffs themselves.

“It is no surprise the WTO found that President Trump’s China tariffs violate its rules. Ironically, the President cannot appeal this decision because he continued the Obama-era policy of crippling the WTO’s Appellate Board. 

“The China tariffs are still bad policy. The purpose of the tariffs was to force the Chinese government to reform its illiberal policies ranging from trade barriers to technology theft to its human rights record. Not a single reform has been credibly made.

“In the short term, the Trump tariffs are raising prices and limiting access to important goods during a pandemic and a recession. There are even tariffs on needed personal protective equipment such as face masks. There is no justification for such measures.

“In the long term, President Trump’s blatant disregard of a rules-based trading system means countries like China will be less likely to follow the rules themselves. His policies are contrary to the national interest and harm the pandemic response. President Trump should rescind the tariffs regardless of what the WTO says.”

In the News: Antitrust and Amazon

Over at Digital Commerce 360, Don Davis has a thorough writeup about the potential antitrust case against Amazon. He also quotes me a few times. Read the whole thing here.

In the News: Antitrust Hearings

Young Voices’ Casey Givens quotes me on the antitrust hearings in an otherwise-excellent Washington Times op-ed:

Rep. Cicilline was perhaps the worst offender on the former point. As the Competitive Enterprise Institute’s Ryan Young points out, the congressman claimed that “Amazon controls 70 percent of ‘online marketplaces,’” when in fact that is, “equivalent to about 4 or 5 percent of retail sales.” The congressman also made some questionable claims about Google’s market share, conflating its search engine with all searches on the internet.

Read the whole thing here.

In the News – Canadian Tariffs

Thomas Howell, Jr. from The Washington Times quotes me in a story about President Trump’s reinstatement of 10 percent aluminum tariffs against Canada:

“The timing is just terrible. The USMCA trade agreement is barely a month old, the economy is fresh off the worst quarter in American history, and here comes a tax increase on something everyone uses. It makes no sense politically, let alone economically,” said Ryan Young, a senior fellow at the Competitive Enterprise Institute.

On the Radio – GDP and Economic Recovery

Earlier this week I appeared on Paul Molloy’s radio down in Florida. We talked about the second-quarter GDP crash, why it was 9.5 percent or 7 percent instead of 32.9 percent, why it was still the worst in U.S. history, and how people can get out of it while staying safe from COVID-19.

The 15-minute-ish segment is online and starts at about 10:40 into this hour-long block.

On the Radio – COVID-19 and Economic Recovery

Tomorrow morning (August 9), I’ll be on the Bab Zadek show from 8:00-9:00 PT (that’s 10-12 CT and 11-12 ET) for the whole hour. It airs on most of the West Coast, and live online here.