While the wealth of nations is mostly wise free market economics, free trade destroys national industries critical to nations. Adam Smith was a globalist and best friend of David Hume.
Adam Smith acknowledged four exceptions to his otherwise strong advocacy of free trade: (1) national security; (2) ensuring that imports are taxed by the home government no less than the home government taxes domestically produced goods and services that compete with imports; (3) pressuring foreign governments to reduce their tariffs; and (4) ensuring that workers in protected industries are not all hit suddenly and unexpectedly with the need to find new jobs.
https://www.aier.org/article/adam-smiths-alleged-exceptions-to-a-policy-of-unilateral-free-trade/
Recently Mexico surpassed China as our #1 partner of legal product and services. And we imagine what their rank is with illegal product and services.
Biden is financing Putin’s war by creating high energy prices.
We must first understand Capitalism, and small and big limits we put on “pure capitalism”.
Both on the left and righ few understand economics... a failure of our school system.