ILMA Compoundings April 2018 - 35

W

hen President Donald Trump threatens to
slap massive tariffs on trading partners such as
China and Mexico, economic textbooks want
to self-destruct like the smoky opening scene in a Mission:
Impossible movie. After all, free trade drives down prices
while offering consumers more choices. In the 1960s, a
mom and dad would save for weeks to buy their child a
back-to-school coat. Today, Walmart solves that challenge
for parents without their skipping a meal.
In the first year of his presidency, Trump has taken actions
against foreign exporters of steel, aluminum, washing
machines, solar panels, lumber and milk. The American
Petroleum Institute and the Association of Oil Pipelines
have warned that higher steel prices will push up the price
of exploration, drilling and pumping of oil and natural
gas. Economists gripe that tariffs and trade restraints will
ultimately drive up consumer prices for everything from
homes to soda cans. Nonetheless, the president has tapped

into a deep concern among many voters. Leading Democrats, including Bernie Sanders and Elizabeth Warren, have
joined the chorus criticizing free trade. They have persuaded
millions of anxious Americans that foreign goods, capital
and people can undermine a sense of national identity and
can devastate company towns. The free market is not a painfree market.
Is there a way for the president to defend American
workers, to open up foreign markets to U.S. exporters,
without tipping the global economy into a trade war? The
answer is yes, and Trump merely needs to flip the White
House history pages back to the 1980s. President Ronald
Reagan taught us how to handle the following paradox:
We need trade to stay prosperous, yet we need a national
identity to remain a country. Americans once took pride
in "Made in the USA," but nearly half of millennials now
say the American dream is dead. In 2015, President Barack
Obama visited Nike's headquarters in Oregon to plug the

35



Table of Contents for the Digital Edition of ILMA Compoundings April 2018

LETTER FROM THE PRESIDENT
LETTER FROM THE CEO
INSIDE ILMA
WHAT’S COMING UP
INDUSTRY RUNDOWN
In the Know
International Insight
Market Report
DO DISRUPTIONS DAMAGE DURABILITY?
REAGAN’S TRADE LESSONS FOR TRUMP
MINING FOR SUCCESS
COUNSEL COMPOUND
WASHINGTON LANDSCAPE
IN NETWORK
Member Connections
Cross Connections
PORTRAIT
ILMA Compoundings April 2018 - Cover1
ILMA Compoundings April 2018 - Cover2
ILMA Compoundings April 2018 - 1
ILMA Compoundings April 2018 - 2
ILMA Compoundings April 2018 - LETTER FROM THE PRESIDENT
ILMA Compoundings April 2018 - 4
ILMA Compoundings April 2018 - LETTER FROM THE CEO
ILMA Compoundings April 2018 - INSIDE ILMA
ILMA Compoundings April 2018 - 7
ILMA Compoundings April 2018 - 8
ILMA Compoundings April 2018 - 9
ILMA Compoundings April 2018 - 10
ILMA Compoundings April 2018 - 11
ILMA Compoundings April 2018 - WHAT’S COMING UP
ILMA Compoundings April 2018 - 13
ILMA Compoundings April 2018 - INDUSTRY RUNDOWN
ILMA Compoundings April 2018 - 15
ILMA Compoundings April 2018 - In the Know
ILMA Compoundings April 2018 - 17
ILMA Compoundings April 2018 - International Insight
ILMA Compoundings April 2018 - 19
ILMA Compoundings April 2018 - Market Report
ILMA Compoundings April 2018 - 21
ILMA Compoundings April 2018 - 22
ILMA Compoundings April 2018 - 23
ILMA Compoundings April 2018 - 24
ILMA Compoundings April 2018 - 25
ILMA Compoundings April 2018 - 26
ILMA Compoundings April 2018 - 27
ILMA Compoundings April 2018 - DO DISRUPTIONS DAMAGE DURABILITY?
ILMA Compoundings April 2018 - 29
ILMA Compoundings April 2018 - 30
ILMA Compoundings April 2018 - 31
ILMA Compoundings April 2018 - 32
ILMA Compoundings April 2018 - 33
ILMA Compoundings April 2018 - REAGAN’S TRADE LESSONS FOR TRUMP
ILMA Compoundings April 2018 - 35
ILMA Compoundings April 2018 - 36
ILMA Compoundings April 2018 - 37
ILMA Compoundings April 2018 - 38
ILMA Compoundings April 2018 - 39
ILMA Compoundings April 2018 - 40
ILMA Compoundings April 2018 - 41
ILMA Compoundings April 2018 - MINING FOR SUCCESS
ILMA Compoundings April 2018 - 43
ILMA Compoundings April 2018 - 44
ILMA Compoundings April 2018 - 45
ILMA Compoundings April 2018 - 46
ILMA Compoundings April 2018 - 47
ILMA Compoundings April 2018 - COUNSEL COMPOUND
ILMA Compoundings April 2018 - 49
ILMA Compoundings April 2018 - 50
ILMA Compoundings April 2018 - 51
ILMA Compoundings April 2018 - WASHINGTON LANDSCAPE
ILMA Compoundings April 2018 - 53
ILMA Compoundings April 2018 - Member Connections
ILMA Compoundings April 2018 - 55
ILMA Compoundings April 2018 - 56
ILMA Compoundings April 2018 - 57
ILMA Compoundings April 2018 - Cross Connections
ILMA Compoundings April 2018 - 59
ILMA Compoundings April 2018 - 60
ILMA Compoundings April 2018 - 61
ILMA Compoundings April 2018 - 62
ILMA Compoundings April 2018 - 63
ILMA Compoundings April 2018 - PORTRAIT
ILMA Compoundings April 2018 - Cover3
ILMA Compoundings April 2018 - Cover4
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